TenCate acquires controlling interest in Xennia

29 Jan '08

4 min read

This method of production is to a large extent based on inkjet technology in order to apply coatings on substrates at a nano scale. For this new technology hardware, software and chemicals / fluids need to be developed. Also, massive environmental cost savings will be created as a result of this new technology and machine configuration.

At the moment the development reaches a point that production on lab scale shows feasible results, which also forms the basis to acquire this strategic interest in Xennia. The project now enters into a phase of developing commercial applications for textile finishing. These activities will take place with TenCate in the Netherlands.

Xennia is actively involved in several projects for a variety of industries, amongst others packaging, product decoration and printed electronics. TenCate will not broaden its scope of activities and will only secure its position in the Digitex project, which is of large importance for its textile finishing activities.

Xennia will not change its strategic focus after the acquisition of a majority share in the company by TenCate. Xennia wants to make a significant impact in the emerging industrial inkjet sector. Through TenCate, currently also the technical textiles sector has come into the scope of Xennia's activities and reached a significant technological leap forward with this joint technological development.

Since projects, amongst others Digitex, are still in a development stage no further details will be made public at this stage.

The activities of Xennia do not have an overlap with the activities of TenCate Enbi, a producer of (technical) rollers for mainly desktop printers. TenCate Enbi is mainly an OEM supplier of technical rollers for laser and inkjet printers.

TenCate

More Royal Ten Cate News... More Textiles News - Netherlands...