#Yarn & Fiber

2024-08-01

Kelheim Fibres completes restructuring agreement

Kelheim Fibres GmbH has established a solid financing plan for future profitability with the completion of a restructuring agreement. CEO Craig Barker expressed optimism: “The past few years have been very challenging for us and many other companies. Our financiers have shown exceptional commitment and rightly expect us to advance the operational restructuring measures that have been initiated.”

The restructuring measures include, among other things, streamlining the product portfolio towards more specialties—a shift that was initiated several years ago. Despite the economic difficulties of recent years, Kelheim Fibres has maintained the trust of suppliers and customers through transparent communication. The sale of a non-essential property has now made a significant financial contribution to the restructuring plan. Cooperation with local authorities has been crucial in this process.

With this new financial foundation, the team at Kelheim Fibres can fully focus its innovation efforts on expanding sustainable and environmentally friendly solutions in the areas of hygiene, filtration, and packaging. The biobased viscose fibres from Kelheim are a promising material for these applications. As a plastic alternative in numerous everyday products, they address pressing environmental issues facing our society.

However, the market for fibre production remains challenging. Relatively high energy costs and rising costs for CO2 emission certificates must be offset by increased innovation and quality. Kelheim Fibres is committed to meeting these challenges.

Kelheim Fibres GmbH: Strategic Realignment and Acquisition by LEO III Fund

Kelheim Fibres GmbH has signed a notarial purchase agreement with Munich-based financial investor LEO III Fonds, exclusively advised by DUBAG Group, as part of its ongoing self-administered insolvency proceedings. The signing took place on November 5, 2025, with the completion of the transaction scheduled for January 1, 2026.

Kelheim Fibres on track for the future

Kelheim Fibres GmbH, a global leader in specialty viscose fibre solutions, has successfully completed an internal restructuring and sharpened its focus on core product segments following its October 2024 insolvency filing. This has enabled the company to return to a sustainable business model, with a firm commitment to continue on this path.

Kelheim Fibres GmbH: Insolvency proceedings opened in self-administration – focus on sustainable restructuring and securing the future

By order of the Local Court of Regensburg dated January 1, 2025, insolvency proceedings were opened against the assets of Kelheim Fibres GmbH and self-administration was ordered. The management remains fully capable of acting within the framework of the proceedings ordered by the court and is supported by the law firms Advant Beiten and Brinkmann & Partner. Attorney Michael Verken was appointed as trustee.

CARBIOS and Wankai sign strategic PET biorecycling pact

CARBIOS (Euronext Growth Paris: ALCRB) and Wankai New Materials (“Wankai”), a listed subsidiary of Zhink Group, the 3rd largest PET producer in China and 4th worldwide, announce the signing of the definitive agreement establishing a strategic partnership for the industrial rollout of CARBIOS’s PET biorecycling technology in Asia. The first milestone will be the construction of a PET biorecycling plant in China.

Fulgar voice at the Milan Fashion Institute

Daniela Antunes, Marketing Manager at Fulgar, participated as an expert speaker at the XVII edition of the Master in Brand & Product Management of the prestigious Milano Fashion Institute, which trains well-rounded professionals capable of managing both the creative and strategic-managerial aspects of the fashion & luxury sector.

SENSIL® by NILIT and ROICA™ by Asahi Kasei collaborate to reduce apparel’s footprint

Rapidly transforming apparel into a lower-carbon industry requires collaboration, innovation, and creativity. In this spirit, SENSIL® by NILIT and ROICA™ by Asahi Kasei have collaborated to introduce the concept of a new fabric with less environmental impact, combining SENSIL® ByNature, a NILIT Biomass Balanced Nylon 6.6 yarn, and Biomass Balanced ROICA™ premium stretch fiber, both designed for high-performance apparel.

Navis TubeTex announces U.S. partnership with Icomatex

Navis TubeTex, a global leader in advanced dyeing and finishing machinery solutions, is pleased to announce a new partnership with Icomatex (www.icomatex.com), a respected European manufacturer of high-quality stenters and textile finishing equipment. Under this agreement, Navis TubeTex will exclusively represent the Icomatex stenter line in the United States.

ADVANSA launches ADVA®tex: A new step toward textile-to-textile recycling

ADVANSA has introduced ADVA®tex, a new filling fibre made entirely from recycled pre-consumer textile waste, positioning the material as a significant step forward in textile-to-textile (T2T) recycling. The fibre is designed for use in duvets, pillows, mattresses, and furniture applications and is available in three versions.

KARL MAYER celebrates 35 years of EL pattern drive

KARL MAYER is celebrating an anniversary this year: on 30 November 1990, the first warp knitting machine with electronic guide bar control, the KS 4 EL, was delivered – another milestone for patterning. As early as 1980, the SU gearbox with the MRS42SU had initiated the transition from mechanical chains to digital data.