Home / Knowledge / News / Textiles / Leading textile & chemical manufacturers buys Hartindo AF21
Leading textile & chemical manufacturers buys Hartindo AF21
19
Aug '10
Megola Inc., a leading environmental solution provider, announces that after more than a year of product testing, a preliminary sale of its "Anti-Fire" product, Hartindo AF21, a water-based, non-toxic, environmentally-friendly fire inhibitor, has been sold to a USA-based company that is one of the largest textile and chemical manufacturers in the world with annual sales in excess of 3 billion dollars.

"This is definitely another milestone for Megola and the Hartindo AF21 product line, as we have continued to focus our resources on getting proper industry approvals, which we hope will set new industry standards. This preliminary sales order from a very reputable company is confirmation that we truly have something special with the Hartindo product line, and supports all of our efforts to date," states Joel Gardner, CEO Megola Inc. "While the client wishes to remain anonymous at this time, we do intend to provide further updates and will identify our customer when increased sale volumes are generated," continued Gardner.

Enormous Market Potential ($2.4 Billion)
A 2010 Ceresana Research article reports that every year in the USA approximately 4,000 people die in fires, while over 260,000 are injured. The total loss caused by fires in the USA is approximately $250 billion, which is the equivalent of approx. 2% of the country's GDP. Such figures highlight the significance of flame retardants for the protection of lives and property. The annual consumption of flame retardants is currently over 1.5 million tonnes, which is the equivalent of a sales volume of approximately $2.4 billion.

The introduction of new fire safety standards and laws has been an important and influential factor on the flame retardant market. These standards and laws will result in a further growth phase in the market and will influence the various application areas such as the plastic, textile, coating, wood and electronic industries.

Due to the tightening of laws in this area, the flame retardant characteristics of thousands of products like electronic equipment, plastics, textiles and construction materials must be improved, while manufacturers must change over to environmentally-friendly types of flame retardants. Therefore, the market shares of certain organic, halogenated flame retardants are expected to decrease due to the many environmental and health problems associated with them.

In addition to stricter fire safety standards, new regulations, voluntary commitments from industry, and numerous eco-labels have been introduced in the past few years. This has led to a greater demand for flame retardants and has also placed new demands on the flame retardants themselves.

Non-Flammable vs Competitors Short Term Flame Resistance
Unlike many current fire retardants that only resist fire for a short period of time, Hartindo AF21-treated material will not burn. Flames from untreated material will not be able to spread when they encounter Hartindo AF21-treated material, which causes a fire to be limited to the size of the initial fuel source. Some current retardant manufacturers are BASF, Chemtura, Lanxess, Sherwin-Williams Company.


Must ReadView All

Pakistani textile associations want uniform energy pricing

Textiles | On 21st Feb 2018

Pakistani textile associations want uniform energy pricing

Pakistan’s textile industry association representatives have...

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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