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#Man-Made Fibers

Kelheim Fibres GmbH: Strategic Realignment and Acquisition by LEO III Fund

Kelheim Fibres GmbH has signed a notarial purchase agreement with Munich-based financial investor LEO III Fonds, exclusively advised by DUBAG Group, as part of its ongoing self-administered insolvency proceedings. The signing took place on November 5, 2025, with the completion of the transaction scheduled for January 1, 2026.

This planned transaction marks a significant step toward the sustainable securing and further development of the Kelheim site. The new owner intends to invest specifically in production infrastructure, efficiency improvements, and innovation to strengthen the long-term competitiveness of the Kelheim location. The company’s strategy will continue to prioritize high product quality, while also focusing on reliability of supply, which has been consistently strengthened following the challenges of recent years.

As part of the successful strategic realignment implemented since the beginning of the year, Kelheim Fibres will increasingly focus on its trilobal hygiene fiber Galaxy®, renowned for its outstanding functional properties and sustainable material base. The product portfolio is further complemented by high-performance viscose fibers used in demanding applications, including hygiene products. All Kelheim Fibres products are biodegradable and strictly certified.

The completion of the transaction is subject to standard suspensive conditions, including the securing of robust, long-term supply agreements with key business partners. Kelheim Fibres and DUBAG Group are in close dialogue with all relevant stakeholders, particularly customers, to create the conditions for a successful transition to the new owner and actively shape the company’s future.

DUBAG Group brings extensive experience in successfully managing complex corporate transitions. A recent example is the acquisition of TRUMPF’s 3D printing business division by LEO III Fonds, where trust was restored among uncertain customers in a challenging environment, and a future-oriented realignment of the business was established. With this expertise and a clear focus on sustainable value creation, DUBAG Group is a reliable partner for the next phase of Kelheim Fibres’ development.



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#Man-Made Fibers

Kelheim Fibres GmbH informs about the closure of operations

The management of Kelheim Fibres GmbH informs that business operations will be terminated as of 31 March 2026. A continuation of the company beyond this date is not possible. The investor and sales process conducted within the framework of the self-administration did not lead to a positive outcome. The potential strategic investor who most recently entered the process has withdrawn from a potential investment at short notice.

#Man-Made Fibers

Investor withdrawal forces Kelheim Fibres to assess future operations

Kelheim Fibres GmbH has confirmed that the planned transaction within its ongoing self-administered insolvency proceedings has failed. The intended sale to the Munich-based LEO III Fund, advised by the DUBAG Group, could not be completed despite extensive efforts.

#Man-Made Fibers

Kelheim Fibres on track for the future

Kelheim Fibres GmbH, a global leader in specialty viscose fibre solutions, has successfully completed an internal restructuring and sharpened its focus on core product segments following its October 2024 insolvency filing. This has enabled the company to return to a sustainable business model, with a firm commitment to continue on this path.

#Yarn & Fiber

Kelheim Fibres GmbH: Insolvency proceedings opened in self-administration – focus on sustainable restructuring and securing the future

By order of the Local Court of Regensburg dated January 1, 2025, insolvency proceedings were opened against the assets of Kelheim Fibres GmbH and self-administration was ordered. The management remains fully capable of acting within the framework of the proceedings ordered by the court and is supported by the law firms Advant Beiten and Brinkmann & Partner. Attorney Michael Verken was appointed as trustee.

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#Nonwovens

Lenzing invests EUR 27 million in US facility to expand specialty fibers for nonwovens

The Lenzing Group is investing EUR 27 million (USD 31 million) to expand specialty fiber production capabilities at its lyocell fiber site in Mobile, Alabama, USA. The investment forms part of the company’s “Grow NW. Reset TX.” strategy and will strengthen its global Nonwovens business, with a particular focus on short-cut fibers and customized wood-based solutions for specialty applications.

#Man-Made Fibers

Lenzing improves profitability as strategic transformation gains momentum

The Lenzing Group reported improved operating profitability in the first nine months of 2026 despite declining revenue and a challenging market environment. Revenue decreased by 2.3 percent to EUR 1.93 billion, while adjusted EBITDA remained stable at EUR 353 million. The adjusted EBITDA margin increased from 17.9 percent to 18.3 percent, reflecting progress in the company's strategic transformation under its “Grow Nonwovens. Reset Textiles.” strategy.

#Man-Made Fibers

Spinnova and Outlast to develop new textile materials for thermal insulation and temperature regulation

Spinnova Plc, a Finnish materials technology company developing textile fibres from wood pulp and other cellulose-based raw materials, has signed a non-binding Letter of Intent (LOI) with Germany-based Outlast Technologies GmbH, a specialist in temperature regulation and insulation technologies. The collaboration aims to explore the development of high-performance textile materials combining SPINNOVA® fibre with Outlast's functional technologies.

#Man-Made Fibers

Kraig Biocraft Laboratories launches performance yarn development program based on spider silk

Kraig Biocraft Laboratories has launched a development program for high-performance yarns based on its recombinant spider silk technology. The initiative follows the company's first commercial shipment of a custom spider silk yarn to a performance apparel customer and includes the delivery of spider silk samples to a textile technology company with experience in aerospace-related material development.

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#Textile processing

YKK Bangladesh celebrates 25 years of fastening production and business development

YKK Bangladesh Pte. Ltd., a subsidiary of Japanese fastening manufacturer YKK Corporation, has celebrated its 25th anniversary with a commemorative ceremony in Dhaka on November 8, 2026. Since its establishment in November 2000, the company has expanded its manufacturing capacity and business operations alongside the growth of Bangladesh's apparel industry.

#ITMA Asia + CITME 2026

Murata Machinery to showcase AIcone winding and high-speed VORTEX spinning at ITMA ASIA 2026

Japanese textile machinery manufacturer Murata Machinery will present its PROCESS CONER AIcone automatic winder and VORTEX 870 EX spinning machine at ITMA ASIA + CITME 2026. Under the theme “Right Choice, Bright Future”, the company will highlight technologies for efficient yarn manufacturing, combining energy-saving winding solutions with high-speed air-jet spinning. Visitors can meet Murata Machinery in Hall 5, Booths E01 and E02.

#ITMA Asia + CITME 2026

DORNIER highlights airbag, filtration and composite weaving technologies at ITMA ASIA 2026

Lindauer DORNIER will present its latest developments in air-jet and rapier weaving technology for technical textiles at ITMA ASIA + CITME 2026. The German machinery manufacturer will focus on the reliable and efficient production of airbag fabrics, high-density filters and reinforcement textiles for fibre-reinforced composites. Alongside its A2 air-jet and P2 rapier weaving machines, DORNIER will highlight its TRITOS FLEX technology for complex 3D composite preforms, retrofit solutions and expanded service capabilities in Asia. The company will exhibit in Hall 3, Stand E02.

#Retail & Brands

Marks & Spencer expands across Asia Pacific through partnership with Global Fashion Group

Marks & Spencer (M&S) and Global Fashion Group (GFG) have announced a strategic partnership to expand the British retailer's fashion business across Asia Pacific. M&S has launched on Southeast Asian fashion platform ZALORA and plans to enter THE ICONIC in Australia and New Zealand in early 2027. The agreement also introduces regional fulfilment for Australian M&S.com orders, enabling faster deliveries and returns while supporting a capital-light international growth strategy.

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