HeiQ, a pacesetter in textile innovation, creator of among the only, sturdy and high-performance textile results with quite a lot of expertise classes, has delivered a 15 per cent revenue growth in 2021 and elevated money era, confirmed resilience and continued demand. It has additionally maintained a powerful stability sheet and wholesome financing construction.
In fiscal 2021, the corporate made glorious progress to help mid-term goal revenue of $300 million. It launched 21 new improvements, together with world’s first local weather constructive fibre HeiQ AeoniQ and secured greater than $10 million investments from Hugo Boss and The LYCRA Company. The firm filed a subsequent era battery patent for HeiQ GrapheneX and demonstrated the viability of double power density lithium metallic batteries. It accomplished 3 M&As for $28 million, broadening its bio-based hygiene providing, paid 42 per cent in money and 58 per cent in shares.
2021 was a yr of steady progress and strategic investments into future growth, exhibiting resilience regardless of the challenges of uncooked materials availability, costs, logistic disruptions and gross sales impeding lockdowns, the corporate mentioned in a press launch.
HeiQ, a pacesetter in textile innovation, creator of among the only, sturdy and high-performance textile results with quite a lot of expertise classes, has delivered a 15 per cent revenue growth in 2021 and elevated money era, confirmed resilience and continued demand. It has maintained a powerful stability sheet and wholesome financing construction.
In 2022, the corporate continues to see sturdy demand for its improvements supporting a growth goal of 20 per cent and large alternative for mid-term worth creation by blockbuster improvements.
Fibre2Fashion News Desk (RR)