HeiQ from Switzerland, a leader in materials innovation, and MAS Holdings, a global apparel and textile manufacturing and tech conglomerate headquartered in Sri Lanka, entered a partnership for MAS to secure a stake in HeiQ AeoniQ GmbH, a subsidiary of HeiQ Group that will produce HeiQ AeoniQ, a climate-positive cellulosic yarn.
With the investment, MAS Holdings becomes the first manufacturer to partner with HeiQ AeoniQ in its efforts to provide a sustainable alternative to polyester and nylon.
MAS Holdings’ investment is part of the group’s strategy to drive a positive environmental impact. The MAS “Plan for Change” aims to generate 50 percent of the company’s revenue through sustainable products by 2025, revolutionizing the textile industry with a focus on innovation, sustainable sourcing and pioneering circularity at scale.
With the closing of this deal, HeiQ and MAS agreed to a five-year Offtake Agreement for 3,000 tons of HeiQ AeoniQ yarn in 2025 and 5,000 tons per year from 2026 to 2029. MAS will finalize this commitment within a stipulated time period after achieving the first milestone.
HeiQ and MAS believe rapid scaling is key to facilitating the adoption of sustainable, circular technologies such as HeiQ AeoniQ.
Since 2021, HeiQ’s launch of the HeiQ AeoniQ technology has attracted the attention of major global players in the textile and clothing industries.
With the proprietary manufacturing method, for the first time in history, a cellulosic filament yarn can be made from a range of non-valorized feedstock and is able to reproduce comparable performance features of polyester or nylon, while being sustainable and endlessly circular.
The HeiQ AeoniQ pilot plant in Austria has been manufacturing this revolutionary continuous cellulosic filament yarn since last year, with a 100 tons capacity to be upscaled to 300 tons by the end of this year.
The HeiQ AeoniQ production scale-up is planned to have a definitive boost by early 2026 with the construction of a gigafactory capable of a 30,000-ton output per year. in
For more information, visit www.heiq.com or go to www.masholdings.com.
