Home / Knowledge / News / Textiles / Leading thread manufacturer Coats enters FTSE 250 list
Leading thread manufacturer Coats enters FTSE 250 list
01
Jun '17
Courtesy: Coats
Courtesy: Coats
Coats, the world’s leading industrial thread manufacturer, is set to enter the FTSE 250, a list of the 101st to the 350th largest companies listed on the London Stock Exchange. The latest quarterly review by FTSE Russell, the global index provider, confirms that Coats has met the requisite criteria and will enter the FTSE 250 with effect from June 19, 2017.

Coats, which was a founding member of the FT 30 index created in 1935 and was also once the third largest company in the world, has undergone significant corporate change in recent years in order to help reach the strategic objective of entering the FTSE 250. Previously owned by the Guinness Peat Group it returned to listed status in February 2015. This also comes after Coats market capitalisation reaching in excess of £1 billion last week.

In June 2016, the company delisted from both the Australian and New Zealand stock exchanges. This helped concentrate trading volumes on the UK market and also supported the repositioning of Coats as a UK headquartered, global industrial manufacturing business. In December 2016, the UK Pensions Regulator confirmed it would cease regulatory action for two pensions schemes following Coats signing heads of terms with the Trustees. Yet another key step was made earlier this year, in February, when Coats announced its intention to return to the dividend list.

In May 2015, Coats acquired GSD, a UK based supplier of management solutions that analyse time, cost, and production capability in the sewn products sector. In June 2016, it acquired Fast React Systems, which provides software solutions and expertise to improve the operational efficiency of manufacturers, sourcing companies and retailers in apparel and footwear sector.

Also in June 2016, Coats acquired Gotex, a Spanish based company which designs and manufactures high performance fibres, yarns, and tapes used in the telecommunications, energy and oil and gas sectors. This was the first acquisition for the Performance Materials part of the business. All three acquisitions have proved highly successful with the companies each outperforming their post-acquisition targets.

Rajiv Sharma, group chief executive, Coats said, “This is excellent news for our employees, shareholders, and customers and is the culmination of an intense period of corporate transformation. Thanks go to our 19,000 employees for delivering strong operational results.” (GK)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search