Home / Knowledge / News / Textiles / Functional textiles producer IQ Textiles in administration
Functional textiles producer IQ Textiles in administration
17
Sep '09
IQ Textiles Group which produces protection covers, tarpaulins, equestrian products, ducting textiles, industrial clothing and outdoor sportswear, as well as specialist products for the military and emergency services, has gone into administration.

The Scotland based, IQ Textiles was formed in March 2004 by the merger of three like-minded technical textile companies - Lothian Coated Fabrics, Diffusion Textiles and C-Teq Advanced Performance Textiles.

PricewaterhouseCoopers (PwC) are now trying to find a buyer for the business after directors at the company, voluntarily put the firm into administration after a significant decline in the order position of the functional textiles manufacturer.

Speaking on behalf of PwC, Bruce Cartwright, Administrator and Head of Business Recovery Services, said, “Our initial focus will be to continue to meet existing orders, while a buyer is sought and we will be looking for suitors, who maybe interested in combining IQ's production facilities with their own”.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
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