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Nanotech to give competitive edge to future textile industry

November 4, 2005 (Belgium)

International textile giants such as Zegna, Marzotto, and Ziche will be convening next month in Padua, Italy to discuss what they are expecting nanotechnologies to deliver to help make their businesses stay ahead of the competition.

Representatives from these textile companies along with the leading providers of nanotechnology solutions will be part of EuroFutureTex a conference to be held in Padua, Italy on November 8-9, 2005.

“Innovation is no longer an option, it’s mandatory,” says Mr. Franceso Ziche of Ziche Manifattura Lane S.p.A. based in Italy.

The European textile industry has been experiencing business in the era of quota-free trade since the beginning of the year, and the competition from cheaper Asian imports has had its effect.

As a result, the European textile industry is taking a closer look at the implementation of nanotechnologies to improve and cheapen its processes, while simultaneously creating new products.

European textile companies are likely spurred in their interest in nanotechnologies by US-based Burlington, which has experienced a turnaround from the brink of bankruptcy after its success with Nano-Tex. Currently, WL Ross & Co.—thorough ITG—is a major shareholder in Nano-Tex.

Among the technologies that will be discussed at EuroFutureTex next month will be nanotechnologies’ use in:

· Material treatments
· Coatings for high-functional textiles, self-cleaning
textiles, and antimicrobial textiles

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