Home / Knowledge / News / Textiles / Coats signs contract with Industrial Nanotech for yarn dyehouse facility
Coats signs contract with Industrial Nanotech for yarn dyehouse facility
13
Mar '09
Industrial Nanotech Inc announced that the one of the Company's exclusive distributors signed a contract with Coats Plc, a textile manufacturer based in England, to coat the machinery in their yarn dyehouse facility located in Bursa, Turkey with the Company's award winning nanotechnology based thermal insulation and corrosion resistant products, Nansulate EPX and Nansulate High Heat industrial coating. The project will commence the week of March 16, 2009. "This is a very important economic indicator for us.

Although we were able to maintain our five year track record of triple digit revenue growth in 2008 despite the state of the world economy, our projects in Turkey, including a sale of over $1,000,000 US of our products to another textile plant in Turkey, had been put on hold as the credit crisis accelerated,” stated Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech Inc.

“The start of this second project, which has been planned since 2008, is a good indicator that manufacturing levels are beginning to turn back towards normal, at least in this region, and we anticipate additional progress on other projects in Turkey throughout 2009.”

“Coats was one of the major customers that showed a great interest in Nansulate EPX as soon as we introduced it,” stated Dr. Vedat Bilgin, President of Kolorgen Ltd., the exclusive distributor for Industrial Nanotech Inc in Turkey. “Our initial trials at Coats' plant showed a significant energy saving potential. We now have a signed contract.

All yarn dyehouse machinery will be coated with Nansulate EPX and High Heat. Once that is completed, the project will extend to other areas of the factory as well as factory buildings and other Coats facilities throughout Europe. Energy saving measures have become even more important due to the recent worldwide financial turmoil. Simply, if you don't get the numbers right, you cannot survive."

Coats Plc is the world's largest sewing thread and needlecraft supplies manufacturer, processor and distributor, with 25,000 employees and plants in 67 countries. The company's products are sold in 150 countries. 2008 revenue was 1.6 billion USD.

The total value of this project to Industrial Nanotech Inc has not yet been determined.

Industrial Nanotech Inc


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani
Occasions Elegance Wear

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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