Home / Knowledge / News / Textiles / Duro Textiles to use Alexium's FR Nylon Treatment
Duro Textiles to use Alexium's FR Nylon Treatment
26
Apr '12
Alexium International Group Limited (Alexium) announced it has received a letter of intent from Duro Textiles, LLC to license Alexium's novel flame retardant (FR) treatment under an exclusive commercial agreement. The scope of the license would cover Duro's nylon product areas for military, government agencies, upholstery, and industrial workwear markets in North America.

Duro Textiles is one of the United States' largest dyers, printers, finishers and distributors of textile products. By leveraging technological advances, production experiences and superior quality, Duro is a leader and foremost solution provider for military fabric needs in the US.

Duro's military products range from light to heavy weight fabrics that are used in everything from ultra light-weight-breathable ponchos, tents, sleep systems, physical training uniforms, to the extreme durability of ballistic nylon tactical outerwear.

Duro is also a major fabric supplier to the performance apparel, industrial, tactical, home, and hospitality markets. Duro Industries and sister companies Galey & Lord, and Best Textiles are part of Patriarch Partners, LLC, a private equity firm managing $7 billion in assets in more than 70 companies.

Patriarch Partners-Textile Platform Managing Director Edward W. Ricci II said they are elated to be entering into this strategic alliance with Alexium to bring a revolutionary technology for nylon to various markets.

“We feel that this technology is truly game-changing and we are eager to further develop and commercialize this exciting technology for both military and commercial applications.”

Alexium Chief Technology Officer Dr Bob Brookins said the eco-friendly flame retardant treatment is based on a new flame retardant mechanism that Alexium has discovered and developed for nylon fabrics.

“This innovative technology for synthetic fabrics is based on a unique charring mechanism that extinguishes the flame while preventing any melting or dripping. The properties offer a broad range of applications and we value Duro's partnership in future development and full commercialization,” he said.

Over the coming weeks, both parties will work to formalize the agreement and move aggressively towards transitioning the treatment to a number of commercial nylon customers. Duro and Alexium have agreed to key terms of a commercial agreement.

While the specific terms of the license will remain confidential, the proposed agreement includes an upfront license fee, development cost sharing, machine sales, milestone payments, and royalties based on product sales with minimum quantities.

When fully executed, both parties would anticipate launching a number of new FR nylon fabrics in the next year, and building production capacity to address a lucrative market opportunity.

Together, Duro and Alexium are targeting a market opportunity in excess of 4 million linear yards of nylon. Revenues derived from the agreement will initially be used to accelerate the transition to full production. After a technical ramp-up and market introduction period, this agreement is expected to establish a solid revenue stream for Alexium and will assist the company in expanding into other technology platform areas.

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search