Specialty Fabrics Review December 2019 - 16

BRIEFINGS

SWATCHES

COMPANY NEWS
Clean Color Concept launched

Hyosung invests in carbon fibers

Mount Vernon increases capacity

Two German specialty manufacturers,
Märkische Faser and Kelheim Fibres, are
working together under the name Clean
Color Concept to produce spun dyed fibers
in polyester and viscose in a coordinated range
of colors. With the Clean Color Concept
process, color pigments are incorporated in
the spinning mass before the spinning process
and are homogenously distributed in the
whole fiber. These fibers and the final product
offer high color and light fastness and do not
bleed during washing.

Hyosung seeks to be among the global top
three producers of carbon fibers through
heavy investment. The company will
invest a total of 1 trillion Korean won in its
carbon fibers business by 2028 to expand its
production capacity from the current 2,000
metric tons per year to 24,000 metric tons.
The investment will result in the world's
single largest factory, according to Hyosung.
A carbon fiber factory with an annual capacity
of 2,000 metric tons will be completed in
January 2020.

Mount Vernon Chemicals LLC recently
completed capacity upgrades at two of its U.S.
facilities in response to increasing production
demand. The Apollo Chemical Division
completed an expansion of its Burlington,
N.C., facility, adding production equipment
that will increase capacity by approximately
20 percent. The PhilChem Division has also
increased its dry-blending/repackaging
capacity with a new stainless steel blending
line at its Greer, S.C., location.

Coats Digital announced

Jason sells fiber solutions to Motus

Coats is launching Coats Digital. The
integrated technology business brings
together all Coats software solutions under
a new single brand. A key aspect of Coats'
growth strategy is to build an innovative
software solutions business for its customers.
Coats Digital provides in-depth industry
expertise combined with the practical
application of the latest technology, including
Big Data and AI, delivering market-leading
software solutions.

Jason Industries Inc. has completed the
sale of its fiber solutions segment to Motus
Integrated Technologies. The sale prices of
$85 million includes up to $5 million of
consideration contingent on achievement
of certain performance conditions during
2019. The company expects to use the net
proceeds from the sale transaction to reinvest
in its remaining businesses or retire debt.

Huntsman introduces HIGH IQ

®

Huntsman Textile Effects has extended
its HIGH IQ® performance assurance
program to help mills, brands and retailers
meet consumer demand for garments with
durable moisture management. HIGH IQ
Cool Comfort performance program is
built on the industry's broadest and most
advanced moisture management agents to
deliver durable, long-lasting performance.
The technology allows garments to breathe
while transporting moisture away from the
body and supports accelerated evaporation.

16 REVIEW DECEMBER 2019

Keyston Bros. acquires DLT
Keyston Bros. has expanded its business
with the acquisition of DLT Corporation.
The strategic move will initiate growth and
expansion in all product divisions of the
company, and will provide same and oneday service to new areas in the upper Midwest
region. Chicago and Detroit locations, in the
near future, will be expanded to hold their
proprietary products.

Roland wins SGIA awards
Roland DGA Corporation has announced that
three of its products: TrueVIS™ VG2 series
printer/cutters, TR2 ink, and the Texart™
RT-640M multifunction dye-sublimation
printer have won 2019 Specialty Graphic
Imaging Association (SGIA) Product of the
Year awards. Roland's TrueVIS VG2 printer/
cutters received top honors within the Rollto-Roll/Solvent/Latex (under 80 inches)
category, while the company's TR2 ink and
Texart RT-640M printer were recognized in the
Digital Inks-Eco-Solvent/Solvent/Latex and
Roll-to-Roll Disperse Ink on Textile categories.

Crypton acquires Abercrombie
The Crypton Companies (Crypton LLC and
Nanotex LLC) have entered into an agreement
to acquire the operations of Abercrombie
Textiles, a North Carolina-based textile mill.
The two companies share a long working
relationship and common customer base. As
an innovator of performance technologies for
the contract and residential markets, Crypton
will propel Abercrombie into new markets
and strengthen its existing customer base.
Abercrombie has been working with Crypton
for 17 years as a licensed mill partner.



Specialty Fabrics Review December 2019

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