Malaysia Textile Manufacturing News

Recent industry report about Malaysia Textile Manufacturing company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Malaysia Textile Manufacturing Market industry experts.

Malaysia Textile Manufacturing News

  • May 2023: The Malaysian textile industry should collaborate with manufacturers from China to transform local textile production processes and systems through digitalization and automation in order to boost productivity and increase revenue, said the Malaysian Textile Manufacturers Association (MTMA).
  • March 2022: Toray Industries, Inc. unveiled Toyoflon, a low-friction polytetrafluoroethylene (PTFE) with a property to resist friction and be used in high-strength textiles. According to Toray studies, the slide's durability is 25 times greater than its current counterparts, and friction has decreased by more than 50%. Due to its performance advantages, increased surface pressure, and ability to be smaller and lighter, the new textile is expected to witness a rise in adoption.
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  • August 2024: Gates Corporation is enhancing its bandless V-belt lineup. The composition of the Super High Capacity (HC) Molded Notch (MN) V-belt will transition from standard chloroprene rubber (CR) materials to advanced ethylene elastomer (EE) compounds. Furthermore, in July 2024, the company began producing its EE Tri-Power V-belts in Europe, ensuring reduced lead times and improved availability.
  • March 2024: V-Belt manufacturer Dayco Inc. inaugurated its new plant in San Luis Potosí, Mexico, located in the Tres Naciones Park, in the Industrial Zone of the state. The new plant will be used to produce belts for light combustion cars, with its molded tooth design that operates more quietly and efficiently. In terms of its scale and capacity, the facility covers 73,000 sq. ft and is equipped with state-of-the-art machinery that can produce up to 4.2 million Poly-V belts annually,
  • August 2024: Eckert & Ziegler and Telix Pharmaceuticals Limited (Telix) announced a significant multi-year agreement. Under this contract, Eckert & Ziegler will act as the European contract manufacturing organization (CMO) for Telix's ProstACT GLOBAL Phase III study. The contract ensures the supply for the entire European patient base from Eckert & Ziegler's state-of-the-art facility in Berlin. Eckert & Ziegler will supply the essential starting material: their high-purity, non-carrier-added GMP-grade Lutetium-177 (Lu-177).
  • August 2024: Salt Medical, a Contract Development and Manufacturing Organization (CDMO) focusing on medical device manufacturing, is set to debut at Claregalway Corporate Park in Co. Galway. Salt Medical boasts a distinguished international platform in the medical device arena, bolstered by a robust global research and development (R&D) and manufacturing network. While the company has established R&D and manufacturing hubs in Ireland, it also sources raw materials and precision components, complemented by large-scale manufacturing operations in both the United States and the Asia-Pacific region.
  • November 2023: Envac’s automated waste collection system served around 40,000 homes and 120,000 inhabitants while eliminating the need for heavy collection vehicles, which resulted in significant environmental benefits. The automated waste collection system has transported approximately 240,775 tonnes of waste so far. The system has improved urban planning and management by eliminating heavy-duty collection vehicles and bulky waste storage containers on the streets. From an environmental perspective, it prevents approximately eight tonnes of carbon emissions annually.
  • January 2023: Envac (one of the most innovative players in the global automated waste collection market and the inventor of the pneumatic waste collection system) partnered with Stella Futura (Sweden-based sustainable energy solutions provider) to accelerate the impact of automated waste collection with sustainable energy solutions. Envac’s automated system, together with Stella Futura, will lower costs, increase overall grid efficiency, and boost Sweden’s energy resilience.
  • Febuary 2023, Saudi’s MODON announces USD 1.1bn textile investments. These investments are distributed over 125 industrial contracts in 19 industrial cities, covering a total area of more than one million square meters. According to Al-Argoubi, the textiles and men’s supplies sector is experiencing high growth in the Kingdom.
  • October 2022 - Nykaa enters the Gulf nations through its first global partnership with Apparel Group. The Apparel Group of Dubai will hold 45% of the company's shares, while Nykaa will control 55% of the partnership's shares. The Indian cosmetics and clothing store Nykaa recently announced a partnership with the Apparel Group, a fashion and lifestyle retailer with headquarters in Dubai, to expand its presence in the GCC (Gulf Cooperation Council) nations.
  • May 2023: The Malaysian textile industry should collaborate with manufacturers from China to transform local textile production processes and systems through digitalization and automation in order to boost productivity and increase revenue, said the Malaysian Textile Manufacturers Association (MTMA).
  • March 2022: Toray Industries, Inc. unveiled Toyoflon, a low-friction polytetrafluoroethylene (PTFE) with a property to resist friction and be used in high-strength textiles. According to Toray studies, the slide's durability is 25 times greater than its current counterparts, and friction has decreased by more than 50%. Due to its performance advantages, increased surface pressure, and ability to be smaller and lighter, the new textile is expected to witness a rise in adoption.
  • August 2024: Gates Corporation is enhancing its bandless V-belt lineup. The composition of the Super High Capacity (HC) Molded Notch (MN) V-belt will transition from standard chloroprene rubber (CR) materials to advanced ethylene elastomer (EE) compounds. Furthermore, in July 2024, the company began producing its EE Tri-Power V-belts in Europe, ensuring reduced lead times and improved availability.
  • March 2024: V-Belt manufacturer Dayco Inc. inaugurated its new plant in San Luis Potosí, Mexico, located in the Tres Naciones Park, in the Industrial Zone of the state. The new plant will be used to produce belts for light combustion cars, with its molded tooth design that operates more quietly and efficiently. In terms of its scale and capacity, the facility covers 73,000 sq. ft and is equipped with state-of-the-art machinery that can produce up to 4.2 million Poly-V belts annually,
  • August 2024: Eckert & Ziegler and Telix Pharmaceuticals Limited (Telix) announced a significant multi-year agreement. Under this contract, Eckert & Ziegler will act as the European contract manufacturing organization (CMO) for Telix's ProstACT GLOBAL Phase III study. The contract ensures the supply for the entire European patient base from Eckert & Ziegler's state-of-the-art facility in Berlin. Eckert & Ziegler will supply the essential starting material: their high-purity, non-carrier-added GMP-grade Lutetium-177 (Lu-177).
  • August 2024: Salt Medical, a Contract Development and Manufacturing Organization (CDMO) focusing on medical device manufacturing, is set to debut at Claregalway Corporate Park in Co. Galway. Salt Medical boasts a distinguished international platform in the medical device arena, bolstered by a robust global research and development (R&D) and manufacturing network. While the company has established R&D and manufacturing hubs in Ireland, it also sources raw materials and precision components, complemented by large-scale manufacturing operations in both the United States and the Asia-Pacific region.
  • June 2024: Waste Management Inc. and Stericycle confirmed a definitive agreement, with Waste Management acquiring all outstanding shares of Stericycle at USD 62.00 per share in cash. This deal, totaling approximately USD 7.2 billion, accounts for Stericycle's net debt of around USD 1.4 billion. With this acquisition, Waste Management is expected to broaden its environmental solutions portfolio by incorporating Stericycle's prominent assets in the lucrative medical waste and secure information destruction industries.
  • September 2023: LabCycle, a company co-founded by a University of Bath graduate, unveiled its pilot plant capable of recycling up to 60% of plastic lab waste. With ambitions to expand, the company targets recycling waste from labs, healthcare, research, and commercial sectors.
  • January 2023: Bertin Medical Waste's Sterilwave solution earned accolades from the United Nations Industrial Development Organization (UNIDO) in 2022. This recognition came during the UNIDO Global Call, specifically in the Medical & Health category. UNIDO lauded Sterilwave for its innovative and responsible approach to medical waste treatment.
  • November 2023: Envac’s automated waste collection system served around 40,000 homes and 120,000 inhabitants while eliminating the need for heavy collection vehicles, which resulted in significant environmental benefits. The automated waste collection system has transported approximately 240,775 tonnes of waste so far. The system has improved urban planning and management by eliminating heavy-duty collection vehicles and bulky waste storage containers on the streets. From an environmental perspective, it prevents approximately eight tonnes of carbon emissions annually.
  • January 2023: Envac (one of the most innovative players in the global automated waste collection market and the inventor of the pneumatic waste collection system) partnered with Stella Futura (Sweden-based sustainable energy solutions provider) to accelerate the impact of automated waste collection with sustainable energy solutions. Envac’s automated system, together with Stella Futura, will lower costs, increase overall grid efficiency, and boost Sweden’s energy resilience.
  • October 2023: Veolia opened the doors of more than 100 sites operated by the group in France. The sites include drinking water production plants, wastewater treatment plants, waste sorting centers, or energy recovery units, enabling the general public to go behind the scenes of ecological transformation. A unique opportunity to discover the group's innovative solutions and expertise in its core businesses of water, energy, and waste management.
  • September 2023: In order to secure the supply of End-of-life mattress foams, Evonik entered into an agreement with Remondis Group, one of the world's most prominent recyclers. As Evonik develops its chemical recycling process to the next level, this cooperation would be beneficial for it. In the production of new mattresses, it is possible to recover core components of polyurethane foam and use them as premium-quality block-building materials with Evonik's innovative material and hydrolysis technology. The recycling process is currently being tested at a pilot plant in Hanau and will be tested at a larger demonstration plant in the future.

Malaysia Textile Manufacturing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)