Addressing what they said are emerging requirements for polyurethane coated fabrics in the sportswear, fashion and automotive industries, Sotex Engineering and Covestro have entered into a joint agreement to develop and market technologies for PU synthetics, technical textiles, films and foams.
The materials and processes are based on Covestro’s Insqin waterborne PU technology for the textile industry. The two companies will jointly promote environmentally friendly solutions for PU-coated fabrics.
Isotex Engineering machines will guarantee optimal production standards using Insqin technology to produce waterborne, PU synthetic materials and other coated textiles.
Nicholas Smith, global head of textile coatings of Covestro, said, “Continuous innovation in textile machine technology is just as important for the industry as innovation in chemistry.”
Stefano Gallucci, chief executive officer of Isotex Engineering and Santex Group, said, “We believe waterborne products are the future. Technology and chemistry are ready after years of R&D [research and development] efforts.”
He said the company will work with its clients around the world “to help them with this new rich market opportunity.”
With 2014 sales of 11.8 billion euros, or $14.39 billion at average exchange, Covestro, formerly Bayer MaterialScience. is among the world’s largest polymer companies. It has 30 production sites worldwide and employs about 15,700 people. Covestro has said it at the end of September 2015. Covestro is a subsidiary of Bayer AG, which said it wants to float Covestro on the stock market by mid-2016.
Isotex Engineering is a specialist producer of technologies for the production of technical textiles and composite materials. Founded in 1957, it has more than 1,500 clients worldwide.