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Filidea announces the acquisition of Hoftex CoreTech GMBH from the Hoftex group

Related Keywords: automotive, CoreTech, fibers, Filidea, furniture, GmbH, Hoftex, Italy, natural, Neutex, sewing, synthetic, technical yarns

The italian Company Filidea s.r.l., specialized in technical and performing products made out of natural, synthetic and artificial fibers, announces the acquisition of Hoftex CoreTech GmbH from the German group Hoftex.

The agreement was signed on May 18th, the closing time for this acquisition is fixed on September 1st. Through this acquisition, Filidea confirms its international dimension, consolidates its leadership within the sector of technical yarns and expands its presence in the European territory.

Most potential sectors are Smart and Lifestyle Functional Textiles

Related Keywords: Indian technical textile industry, Indian textiles, Lifestyle Functional Textiles, non-woven textiles, packing textile and shoe textile, smart textile, Taiwan technical textiles, Taiwan Textile Federation, technical yarns, Technotex India, textile industry of Taiwan

Sean Tsai, Overseas Market Development, Taiwan Textile Federation shared his views on technical textiles going ahead with Nitin Madkaikar-Business Head (YnFx) at the Taiwan Pavilion, Technotex India Exhibition held in Mumbai on 21-23 April 2016. The event was organized by Ministry of Textiles and FICCI.

Nitin Madkaikar: What are your views on Indian technical textile industry in India?

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