#Yarn & Fiber

2021-01-07

SABIC’s Nusaned™ projected contribution to GDP rises to SAR 8.8 billion

The Nusaned™ Council celebrated at the SABIC Plastic Applications Development Center (SPADC) in Riyadh the graduation of 43 new investors, bringing the total number of graduates since the launch of the initiative to 106 investors qualified to start projects that will create 6610 jobs and contribute more than SAR 8.8 billion.

Several strategic partnership agreements and memoranda of understanding were also signed to qualify and empower SMEs and create advanced commercial products. The MoUs and partnerships will also help strengthen cooperation with the Saudi business community and universities in the areas of sustainability and innovation and develop training and manufacturing programs to contribute to localizing technologies and industries in the Kingdom.

Through these agreements, Nusaned™, in collaboration with "Monshaat", aims to bring SMEs closer to purchasing opportunities in the public and private sectors.

BASF, a German multinational chemical company, will showcase its advanced technologies, products and training programs to the business and education sectors in the Home of Innovation™ platform. Emerson, an American multinational corporation, will present its solutions to localize many manufacturing technologies, control systems, valve assembly, pressure and temperature transducers.

Nusaned™ initiative was launched by SABIC in early 2018 as part of its commitment to stimulate local industry and enable Vision 2030 through several pillars: increasing the private sector’s participation in GDP, reducing unemployment, and increasing the contribution of non-oil exports.

The agreements and projects are expected to serve several sectors, including construction, equipment and tools, medical supplies, metals, plastics, renewable energy, and specialty chemicals. Yousef Al-Benyan, SABIC Vice Chairman and CEO, stressed that the progress of the NusanedTM initiative is a qualitative leap that confirms its success in attracting and creating more opportunities by reaching a large number of partners locally and globally.

“The outcome of these agreements and partnerships will contribute to creating jobs and raising the level of knowledge and professional qualification for local competencies and entrepreneurs. It will also promote the localization of advanced technologies to enable the private sector and SMEs to play an active role in the national economy,” Al-Benyan added.

In addition to SABIC, members of the Nusaned™ Council include the Ministry of Human Resources and Social Development, the Ministry of Industry and Mineral Resources, the Ministry of Investment, Monshaat and the Local Content and Government Procurement Authority.

The Council is the executive platform of SABIC’s localization initiative Nusaned™. It convenes three times annually to follow up on the progress made in efforts to stimulate local content for promising future sectors, in addition to launching partnerships and initiatives and graduating eligible projects for local investment.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

Better, faster, bio-based: Functional new Plastic alternatives

How can new bio-based and biohybrid materials with improved features be developed faster? Six Fraunhofer institutes are jointly exploring this question in the SUBI²MA flagship project, using an innovative bio-based polyamide developed by Fraunhofer researchers as a model. Its specific properties make it a promising alternative to fossil-based plastics.

The Address of innovation and investment in textile technologies: ITM 2026

Sales for ITM 2026, one of the world’s most comprehensive and prestigious exhibitions in textile technologies, are continuing at full steam. The record number of exhibitors and visitors achieved at ITM 2024 once again proved the industry’s confidence and the commercial success of the exhibition; meanwhile, the strong interest shown in ITM 2026, to be held on 9-13 June 2026, has far exceeded expectations.

STOLL in focus:

At the beginning of this year, KARL MAYER announced that it would be shifting its focus back to its core areas of warp knitting, warp preparation and technical textiles. As part of this strategic realignment, the flat knitting machine business under the STOLL brand will be discontinued. The Reutlingen plant will close down on 31 October 2025. Production in China will end in December 2025. This was an extremely difficult decision for KARL MAYER.

Heimtextil 2026 strengthens the global home textile industry with trends, designs and AI technologies

With an optimised hall layout, progressive design collaborations, inspiring trends and AI-driven innovations, Heimtextil 2026 reacts to the current market situation – and offers the industry a reliable constant in challenging times. Under the motto ‘Lead the Change’, the leading trade fair for home and contract textiles and textile design shows how challenges can be turned into opportunities. From 13 to 16 January, more than 3,100 exhibitors from 65 countries will provide a comprehensive market overview with new collections and textile solutions. As a knowledge hub, Heimtextil delivers new strategies and concrete solutions for future business success.