#Textile processing

2024-10-24

HeiQ announces return to private company structure

HeiQ, a leading innovator in materials technology, announced its decision to return to private company structure from the London Stock Exchange as part of a strategic move to focus resources, streamline operations, and accelerate growth, effective November 19, 2024 (LSE:HEIQ). HeiQ shares will continue trading on the JP Jenkins securities or a similar matching platform from November 20, 2024.

A new chapter for growth and value creation by innovation

Returning to a private company structure marks a key milestone in HeiQ’s evolution. Since its listing on the London Stock Exchange in December 2020, the company has expanded into four new technology platforms, including precision fermentation, cellulosic fiber extrusion, particle synthesis, and chemical vapour deposition. Today, besides operating as an innovative leader for the textile industry, HeiQ functions as a venture incubator, advancing several high-potential technologies at various stages of technology readiness.

Rationale for returning to private ownership

The unanimous decision by HeiQ’s board to return to being a privately held company from the London Stock Exchange aligns with the company’s focus on innovation, long-term growth and value creation. As HeiQ continues to develop advanced technologies, private financing offers more flexibility to invest into the value creation of its high-potential ventures like HeiQ Synbio, HeiQ AeoniQ™, HeiQ GrapheneX, and HeiQ Xpectra.

“Our four years as a public company have seen us acquire four companies and change from a yield focused specialty chemicals player with a narrow textile focus to a multi technology platform innovation incubator with diversified market channels and long-term value creation opportunities. Returning to private company status will enable us to better focus on scaling and financing innovation and technology,” said Carlo Centonze, Co-Founder and Group CEO of HeiQ. “With game-changing ventures like HeiQ Synbio, HeiQ AeoniQ™, HeiQ GrapheneX, and HeiQ Xpectra, we are well-positioned to seize emerging opportunities and achieve our value creation and sustainability goals.”

Commitment to core businesses

HeiQ remains dedicated to its commercialized core business of value-adding textile technologies and synbiotics for cleaning and personal care. With a solid foundation in these areas, HeiQ will continue to deliver advanced innovations that enhance sustainability, durability, and functionality of our everyday products. HeiQ’s global partnerships in textile finishing remain a vital part of its strategy, as the company leads the way in solutions that benefit industries and consumers worldwide. Alongside textile innovations, HeiQ’s unique synbiotic technology platform provides advanced solutions in cleaning and personal care, supporting microbial balance on surfaces and on skin.

Support for shareholders and stakeholders

HeiQ remains committed to transparency and engagement with its shareholders. HeiQ’s shares will be available for trading on the JP Jenkins securities or similar matching platform starting on November 20, 2024.

HEIQ expands in ASIA with BIG SUNSHINE as key partner

HeiQ, a global leader in materials and textile innovation, is strengthening its presence in Asia by onboarding BIG SUNSHINE CO., LTD. as a key full-service partner in the region. This collaboration aims to further improve HeiQ’s overall service capabilities in Taiwan and across the wider Asian region, furthering its vision of global expansion and footprint in Asia.

HeiQ and GQ Apparel bring biobased cooling to denim in Thailand

HeiQ, a global leader in textile and materials innovation, proudly announces a strategic cooperation with GQ Apparel, a premier Thailand-based tech apparel brand. GQ Apparel enhances it denim offering with HeiQ’s advanced cooling solution, marking a significant milestone in the Southeast Asian market.

HeiQ expands application of HeiQ Allergen tech to upholstery fabric through collaboration with CULP

HeiQ partners with Culp to apply HeiQ Allergen Tech, a 100% biobased* solution that reduces allergens on textiles, onto interior upholstery fabric. HeiQ announces the extended application of HeiQ Allergen Tech to bring the benefits of this biobased textile technology to the interior upholstered furniture market, marking a unique launch into this segment.

Fashion for Good launches DW(O)R-X to navigate the emerging landscape of PFAS-free finishes

Fashion for Good announced the launch of Project DW(O)R-X, a collaborative initiative designed to benchmark PFAS alternative durable water- and oil-repellent (DW(O)R) chemistries. Responding to growing market demand for alternatives to PFAS‑based finishes, the project aims to generate reliable, comparable data that can support informed sourcing decisions and the assessment of emerging chemistries.

YKK develops concept EXCELLA® zipper tape using nonwoven fabric partially derived from used clothing

YKK Corporation has developed a concept version of its premium EXCELLA® zipper series made from nonwoven fabric sheets created by fiberizing used clothing and other textile materials. Based on a proposal by fashion designer Yuima Nakazato, this item was created as a result of collaboration between Nakazato, Seiko Epson Corporation and YKK. The concept zipper was incorporated as a material component for pieces in the newest YUIMA NAKAZATO Couture Collection, “INFERNO,” which was unveiled in Paris, France on July 8, 2026.

Dedicated car seat model of SHIMA SEIKI’s P-CAM® R Cutting Machine unveiled

Leading Japanese textile solutions provider SHIMA SEIKI MFG., LTD. of Wakayama, Japan, showed a special version of its P-CAM® R multi-ply computerized cutting machine dedicated to the production of car seats for the first time, at a private exhibition held over two days on Thursday, July 2nd and Friday, July 3rd at the Kariya City Industrial Promotion Center in Aichi Prefecture.

SHIMA SEIKI brings new flat knitting technologies to FEBRATEX 2026

Leading flat knitting solutions provider SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Brazilian representative BRASTEMA TECNOLOGIA TEXTIL LTDA., will exhibit at the Brazilian Textile Industry Fair (FEBRATEX 2026) this month. On display will be a roundup of SHIMA SEIKI computerized flat knitting technology, represented by WHOLEGARMENT® knitting machines, computerized flat knitting machines featuring a brand-new model with high productivity and excellent cost performance, a glove knitting machine and the latest digital solutions.

Lenzing reports improved half-year results and advances strategic transformation

Despite a persistently challenging market environment in the first half of 2026, characterized by volatile energy and raw material prices, subdued global consumer demand and intensified competition from Asia, the Lenzing Group significantly improved its financial performance. Net result after tax more than doubled to EUR 35.6 million, compared with EUR 15.2 million in the first half of 2025. Free cash flow increased to EUR 45.8 million, while EBITDA amounted to EUR 239.2 million. Revenue totaled EUR 1.27 billion, compared with EUR 1.34 billion in the previous year.

Trützschler’s latest spinning and card clothing innovations at CAITME 2026

From September 8 to 10, 2026, Trützschler will present its latest innovations in spinning and card clothing for state-of-the-art fiber processing at CAITME in Tashkent, Uzbekistan. Visitors are invited to meet the experts at Pavilion 2, Booth D50 and explore solutions designed to increase productivity, streamline processes, and ensure consistently high yarn quality. Key topics include the next-generation card TC 30i, the integrated draw frame IDF 3, the high-performance comber TCO 21XL as well as Trützschler Card Clothing’s new flat top series STEELTOP®.