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2014/2/17 Jiangsu Yizhen
To strengthen research of ultra-high molecular weight polyethylene fiber, aramid fiber and high performance polyester fiber system ,The high-performance fibers key laboratory approved to set up in 2013 in Jiangsu province, located in YCFC (Yizheng chemical fiber co., LTD).
2014/3/14 USA
CRYPTON INC. has acquired NANOTEX, announced Randy Rubin, Chairman of The Crypton Companies. The privately held, 20-year-old Crypton Fabrics, based in Bloomfield Hills, Michigan, early this year purchased NANOTEX from private equity and venture capital investors; WL Ross and Co. LLC as major stockholders, in addition to Norwest Venture Partners, Masters Capital Nanotechnology Fund, Firelake Capital Management and Masters Capital Management.
“This is a strategic acquisition as we extend our market share with apparel throughout the world. The intellectual properties and latest development, Aquapel, a non-fluorinated repellency treatment, is very exciting to our research team”
NANOTEX is a textile technology company whose performance finishes have enhanced leading consumer brands such as GAP, TARGET, MAIDENFORM, BASS PRO SHOPS, NORDSTROM, LAND’S END, FISHER-PRICE and many more.
NANOTEX employs a proprietary nanotechnology approach to enhance textiles at the molecular level that provides permanent performance attributes such as stain and water resistance, moisture wicking, odor control, static elimination and wrinkle free properties. The end result is performance fabrics that maintain the original comfort, look and feel of the fabric and perform for the life of the product.
In 2013, NANOTEX technologies were on $280 million in branded finished products at retail worldwide.
Wilbur Ross, Jr., Chairman of WL Ross said, “We are extremely pleased by Crypton’s acquisition. This assures that NANOTEX will continue on a strong growth trajectory. Its expanding market reach and prominence will further enhance the competitiveness of WL Ross’s companies in the consumer and industrial fabrics industries, too; the goal that sparked our initial investment interest in NANOTEX eight years ago.”
“This is a strategic acquisition as we extend our market share with apparel throughout the world. The intellectual properties and latest development, Aquapel, a non-fluorinated repellency treatment, is very exciting to our research team,” said Rubin.
When Crypton entered the contract market in 1993, it provided an alternative to vinyl, which had been the go-to product for heavily used upholstered furniture. In revolutionizing performance textiles, Crypton opened the doors for new design opportunities to an entire industry.
A master branding company, Crypton has enjoyed an unparalleled branding trajectory in the interior design community, achieving more than 90 percent brand awareness of their products in the first seven years of business. Today, they are known for their strategic and innovative new product developments, branding techniques and strategies.
2013/11/28 Shanghai
SHANGHAI - The first carbon permits in Shanghai traded at 27 yuan ($4.43) on Tuesday, as the financial hub launched China's second such trading platform in a bid to cut its fast-growing greenhouse gas emissions.
Three trades for a total of 9,500 permits for 2013 compliance, known as Shanghai Emissions Allowances (SHEAs), went through in the first half-hour after the market opened. A third carbon market will open in Beijing on Thursday.
China has pledged to reduce its emissions per unit of GDP to 40-45 percent below 2005 levels by 2020.
The market is based in the Shanghai Environment and Energy Exchange(SEEE). The SEEE will spell out risk management regulations on emission trading, put limits on price fluctuation and the amount quota one can buy.
Sanctions will be set up and violators will face fines up to 100,000 yuan ($16,410).
Bin Hui, vice director at the SEEE, told reporters that State-owned power company Huaneng was one of the companies involved in the Tuesday deals, but gave no further details.
The opening price matched the first trades that went through when the Shenzhen emissions market opened in June, but prices there have since risen to around 60 yuan.
A batch of 4,000 permits for use in 2014 also traded in Shanghai at 26 yuan, and 500 for 2015 changed hands at 25 yuan.
Shanghai caps carbon dioxide emissions from 191 big energy users in the financial center, spanning electricity generation, manufacturing, airlines, harbours and commercial buildings.
Participants get free permits from the government to cover most of their expected emissions. If they exceed those levels they must buy permits in the market from companies that have a surplus, or from offset projects elsewhere in China regulated by the central government.
The quotas for 2013 to 2015 have already been allotted to the companies.
Ni Qianlong of the Shanghai Development and Reform Commission, which administers the market, told reporters on Tuesday that around 160 million permits had been issued for the platform's first year, although the number may be adjusted later.
The Shanghai government said last week companies that have taken action to reduce their emissions over the 2006 to 2011 period will be given additional permits.
Among the companies participating are leading steel producer Baoshan Iron and Steel and chemical company BASF.
The central government has planned seven regional carbon markets as China steps up efforts to limit its impact on global warming, which scientists say cause rising sea levels, extreme weather events and prolonged droughts.
"China will make efforts to contribute to building an international emissions trading system in the future," Xie Zhenhua, vice director of the National Development and Reform Commission (NDRC) said at the Tuesday launch.