100% Made in Italy Partnership for XLA Elastomeric Fiber

Aquafil, Europe’s market-leading and second worldwide player in the production of Nylon 6 for textile flooring, and Carvico, leading manufacturer of warp-knitted stretch fabrics, announced the new XLAnce Fibre Italia Joint Venture.

Following its creation, XLAnce Fibre Italia has completed a transaction with The Dow Chemical Company and its affiliates (“Dow”) to purchase the trademarks associated with XLA polyolefin based stretch fiber and to acquire an exclusive license under the related intellectual property for crosslinked polyolefin based stretch fiber for woven and knitted textile articles.

The transaction also includes the acquisition of Dow’s XLA fiber production lines, machinery and equipment based in Dow’s Tarragona (Spain) site.
In the coming weeks XLAnce Fibre Italia will transfer to Italy the production lines acquired from Dow. The beginning of production is scheduled for the third quarter of 2012.

The new joint venture, 50/50 owned by each company, is strategic for both Carvico and Aquafil as it will allow the re-launch of XLA, a particularly innovative fiber with an important growth potential.

For more details please visit : 100% Made in Italy partnership for XLA elastomeric fiber @ Fibre2fashion