Fibre2Fashion Magazine June 2018 June 2018 | Page 120

TEXTILES
Beat
NONWOVENS
Indorama Ventures to acquire 65% stake in Avgol Industries
Indorama Ventures Public Company Limited (IVL), a global chemical
producer, has entered into a definitive agreement to acquire
65.72 per cent stake in Avgol Industries 1953 Limited at $1.62 per
share. Israel-based Avgol is one of the largest manufacturers of
nonwovens for hygiene applications in the world.
The transaction is expected to be completed during the second
half of 2018, subject to regulatory approvals. The acquisition
represents a unique opportunity for IVL to strengthen its leadership
position in the high-growth personal hygiene-oriented nonwovens
market. Avgol offers IVL further diversification of its high value-
added (HVA) portfolio.
North American nonwoven capacity
increased by 2.5% in 2017
In 2017, North American nonwoven
capacity increased to 4.96 million
tonnes, an increase of 2.5 per cent
(122,000 tonnes) over 2016, according
to the North American Nonwovens
Supply Report published by INDA,
the Association of the Nonwovens
Fabrics Industry. The report is based on
extensive research, producer surveys
and interviews with industry leaders.
According to the report (fifth edition),
North American imports and exports,
in tonnage, declined 2.9 per cent and
2.3 per cent respectively year-over-year.
However, the downward trend of exports
and upward trend in imports continue,
as over the last five years exports have
declined 7.9 per cent annually and
imports have increased 10.4 per cent
annually. Even with the significant shifts
absorbent core technology. The two new
production sites to be set up at a cost of
€200 million, will be located in Europe,
with one in central Spain and the other
in Hradek, Czech Republic.
Pic courtesy: Drylock
Drylock to open new production
sites for Magical Tubes
Drylock Technologies, manufacturer
of baby care, feminine care, and
adult care services, is set to open two
new European production sites for
Drylock’s Magical Tubes proprietary
120  | FIBRE 2 FASHION JUNE 2018
COMPOSITES
Chomarat develops new
unidirectional woven tape
This follows the already announced
addition of two production sites to the
Drylock Technologies group in Brazil
in January 2018 with the acquisition of
the Mardam and Capricho companies.
Drylock will add an additional 50,000
square metres of new production
capacity with these two initiatives.
AUTOMOBILE TEXTILES
Airbag yarn market in auto sector
to reach $1.3 billion by 2023
in North American trade dynamics,
nonwovens tend to stay where they are
produced, with the net trade balance
(imports less exports) accounting
for only 4.1 per cent of the region’s
capacity.
Factors bolstering the growth of the
airbag yarn market include organic
growth of automobile production,
especially in Asia, introduction of
more bags per vehicle, high focus on
passenger safety and introduction of
more stringent safety standards across
the globe, says the report released by
Detroit-based global market intelligence
firm Stratview Research.
The global automotive airbag yarn
market is projected to experience a
healthy growth beginning 2018 with
favourable opportunities in all the
four regions around the world and is
estimated to reach $1,274.3 million by
2023, offering an opportunity to players
in the value chain to align themselves
with the market growth, according to a
new research report.
Pic courtesy: Chomarat
Chomarat, the composite reinforcement
specialist, has come out with a new
unidirectional woven tape for its C-Tape
line of products. Designed to meet the
standards of industrial production,
the new C-Tape, which has a lot of
flexibility, is reinforcing the foils of the
‘Figaro Beneteau 3’, the first production
foiling one-design monohull ever to be
designed.
C- Tape offers a lot of flexibility
in terms of weight, width and
construction. It has been optimised to
facilitate series production yet provide
the foils with maximum performance.
The weft yarn developed by Chomarat
makes the tape easy to handle
and to work with. It is produced in
50-centimetres widths in order to adapt
better to the mould, thus reducing both
scrap and production cost.