#Textiles & Apparel / Garment

2025-11-27

Asteks and Nexrone launch global investment initiative

Westure Ventures established in the Netherlands

Asteks Chairman & CEO Emre Akman and Nexrone Founder Ersoy Soyer © 2025 Asteks

A new joint investment company, Westure Ventures, has been founded by Asteks and Nexrone to focus on the development of next-generation transformative technologies. Türkiye’s long-established industrial powerhouse Asteks and one of the rising innovative forces in Europe’s startup ecosystem Nexrone Global announced the launch of their new investment company built on a shared vision: Westure Ventures.

Headquartered in the Netherlands, Westure aims to invest more than USD 30 million over the next five years. The company will focus on future-shaping fields such as financial technologies (fintech), artificial intelligence (AI), manufacturing technologies, deeptech, space and aviation, and health technologies. At the core of its investment strategy lies a commitment to what it defines as “Goodness Technologies” - ventures that deliver tangible value to society and the planet.

Innovative power combines with deep-rooted experience

With nearly 50 years of history, Asteks ranks among the world’s top three manufacturers in production technologies. Nexrone, one of Europe’s rapidly growing technology companies, stands out with its innovative approach to the entrepreneurship ecosystem and its strong growth performance, including partnerships with global and billion-dollar companies over the past three years.

Combining these two strong structures, Westure Ventures aims to embody a true “smart money” model - providing not only capital but also access to global markets, strategic partnerships, and deep technical know-how.

Investment strategy from early stage to Series A and beyond

Westure Ventures plans to support startups across various maturity levels, including early-stage, Series A, and later rounds. Beyond financial growth potential, the company evaluates each venture’s positive impact on humanity and a sustainable future.

Asteks Chairman & CEO Emre Akman and Nexrone Founder Ersoy Soyer, co-founders of Westure Ventures, summarized the vision: “At Westure, we focus on bold and determined entrepreneurs who think without borders. What matters to us is not only the technology itself, but the point at which that technology touches human life, simplifies it, and contributes hope to the future. This is why our investments are shaped around technologies that create genuine value. Finance can be used anywhere, but when your focus is generating societal value, you must have the right strategy.”

First investments to be announced soon

Westure Ventures will soon unveil its first investment portfolio. In addition to financial backing, the company aims to create a high-impact platform by offering strategic collaborations, commercialization support, and global network access that enable startups to scale across multiple markets.

Asteks to meet the global market at ITMA ASIA + CITME Singapore 2025

Getting ready to take its place at ITMA ASIA + CITME Singapore 2025 with advanced grinding solutions and a wide range of aprons and cots, Asteks is expanding its target for the Asian market. The company, focusing on strengthening relations with current and potential customers, will highlight the “Made in Türkiye” label with its innovative and competitive products.

Asteks meets with Uzbekistan and surrounding markets at CAITME 2025

Asteks’ best-selling and most trusted aprons and cots, along with its advanced R&D grinding technologies, stand out with the advantages they offer textile manufacturers. The Asteks booth at CAITME 2025 will become a popular destination for visitors with innovative offerings. Asteks, a leading manufacturer of high-quality and durable aprons and cots as well as advanced cots grinding, UV cots surface treatment, and automation solutions, will highlight its innovative products and strong local service at the 16th Central Asian International Textile Machinery Exhibition, CAITME 2025.

VIATT 2026 to debut German Pavilion, strengthening European participation alongside key Asian textile hubs

Vietnam’s textile and garment sector continues to be a major contributor to the country’s economic growth, with export revenues expected to reach USD 46 billion in 2025, a 5.6% increase from 2024 . From 26 – 28 February, the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) is set to contribute to economic growth opportunities by accelerating digital transformation and green transition across the entire textile value chain. The upcoming edition will respond to the rising demand for advanced technologies and sustainable materials with the introduction of the German Pavilion, alongside strong exhibitor participation from key Asian sectors, as well as several high-profile fringe events.

Pets in fashion: functional and sustainable textiles find new market at Intertextile Apparel

China’s pet economy is booming, especially amongst younger generations, and pet apparel – from designer outfits to functional garments – was a RMB 3.5 billion (over USD 500 million) market in 2024, growing more than 20% annually¹. To help exhibitors harness this trend, Intertextile Shanghai Apparel Fabrics – Spring Edition 2026 will launch the Pet Boutique, presenting a range of innovative, sustainable materials that prioritise both functionality and comfort for pets.

Circulose restarts commercial-scale production at Ortviken plant in Sundsvall

Circulose today announced the restart of its commercial-scale production plant at Ortviken in Sundsvall, Sweden, marking a significant step in scaling next-generation materials for the global fashion industry. The company plans to resume production of CIRCULOSE®, a recycled pulp made entirely from discarded cotton textiles, in the fourth quarter of 2026.

Sustainable, lightweight, and sound absorbing: Polyester-based front trunk solution for BEVs

As car manufacturers look to further reduce their carbon footprint, Autoneum has developed an innovative front trunk solution for battery electric vehicles (BEVs), made entirely from polyester-based textile. The Ultra-Silent Frunk offers significant weight reduction, improved acoustic and thermal insulation, and uses up to 70 percent recycled material, supporting sustainable and efficient vehicle design. Autoneum, global technology leader in acoustic and thermal management for vehicles, has already received orders for the new frunk from three major OEMs in Asia and Europe to be built in three BEV models. Series production for two BEVs has been underway in China and Germany since last year.

Modern testing methods for raw cotton

The 38th International Cotton Conference Bremen will take place from 25 to 27 March 2026 at the Bremen Parliament. This conference has traditionally stood for in-depth expertise and international exchange. The program will focus on technical innovations, market trends, and regulatory frameworks across the entire value chain – from agriculture to the circular economy. With high-profile speakers, the conference is regarded as the key meeting point for the global cotton industry. Today’s focus: Cotton quality and testing methods.

Rieter responds to higher raw material prices

Global political and economic developments have been leading to rising raw material and energy costs for some time. The textile machinery industry is also affected by this trend. Rieter machines and components consist to a large extent of steel, copper, aluminum and electronics. These materials in particular have seen higher demand and higher prices in recent months.