#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.

Durak Maxibalance thread supports users’ movement and balance comfort

Durak Tekstil, a leading brand in its industry, has developed Durak Maxibalance, a new product engineered with bio-ceramic and FAR IR technology. Ushering in a new era for sportswear, activewear, and medical textiles, this technology offers features designed to support balance and movement comfort by reflecting the energy absorbed from the body back into it.

Georg Stausberg, a veteran of the textile machinery industry, takes over as Rieter Group CEO

Georg Stausberg, one of the most experienced executives in the international textile machinery industry, has been appointed Chief Executive Officer of the Rieter Group with immediate effect from 4 November 2026. With more than three decades of industry experience and a long-standing leadership career at Barmag, Stausberg brings extensive technological expertise, international market knowledge and an established network across the global textile industry to his new position.

Jeanologia and BCome connect factory data with Life Cycle Assessment and Digital Product Passports

A new white paper by EIM by Jeanologia and BCome demonstrates how primary environmental data from denim finishing processes can be integrated into a garment's Life Cycle Assessment (LCA) and prepared for use in a Digital Product Passport (DPP). A comparative case study highlights significant improvements at the production stage while also showing how these translate into the environmental performance of the finished garment.

Inside the Making connects denim and sportswear supply chains at Ecomondo 2026

Six European companies are joining forces at Ecomondo 2026 in Rimini to demonstrate how different stages of denim and sportswear production are interconnected. The new initiative, Inside the Making, highlights the importance of cooperation across the textile supply chain in addressing sustainability challenges, from reducing resource consumption to improving transparency and the reliability of environmental claims.

EDANA welcomes definitive EU anti-dumping measures on Chinese PET spunbond

EDANA, the international association serving the nonwovens and related industries, has welcomed the European Commission's decision to impose definitive anti-dumping duties on imports of PET spunbond originating in China. The association considers the measures an important step towards restoring fair competition and safeguarding European industrial capacity.