Strategic partnership for production of continuous cellulosic filament yarn with the potential to compete with polyester and nylon fibres.
Following a Call for early adopters of climate positive yarn, Hugo Boss has become a front-runner in the race to adopt HeiQ AeoniQ yarns by putting a US$5 million equity investment in HeiQ AeoniQ LLC, a fully owned subsidiary of London listed HeiQ Plc., and additional contingent US$4 million based on performance milestone arrangements.
The Lycra Company has also become the exclusive distributor for HeiQ AeoniQ yarn by making a significant, undisclosed investment and by committing to develop the technology for broad application in textiles.
HeiQ AeoniQ (Aeon: striving for eternal circularity) – a continuous cellulosic filament yarn with the potential to compete with polyester and nylon fibres – constitutes a revolutionary, first-to-market and scalable proprietary apparel technology, which will allow the manufacturing of a sustainable, cellulosic yarn designed for circularity and closed-loop recycling that could ultimately substitute oil-based fibres.
Read the full story on Innovation in Textiles
Subscribe To Our Newsletter
Join our mailing list to receive the latest news and updates from our team.
