Coats Group won three prestigious awards: The Investment Sustainability Award for its newly launched Madurai Sustainability Hub, The Environmental Sustainability Textile Award for its innovative, new Eco-B microfibre, and The M&A Award for the acquisition of footwear specialists Texon.
Coats Digital’s unique fabric buying and cutting solution, FastReactFabric won two awards, The Environmental Supply Chain Award and The Product Launch Digital Platform Award, for its innovative features and potential to drive positive, sustainable change in the fashion industry.
The Just Style Excellence Awards is an independent recognition program that uses business intelligence from GlobalData and Artificial Intelligence to identify and rank top-tier companies and their achievements in over 200 countries. The program recognises excellence in areas such as Business Expansion, Diversity, Environment, Financing, Innovation, Investment, Mergers and Acquisitions, Marketing, Product Launches, Research and Development, Safety,
and Social Responsibility.
Rajiv Sharma, Chief Executive Officer at Coats Group, said:
“I am delighted that we have been recognised with five awards for the Just Style Excellence Awards. This reflects our strategic objectives of bringing Coats closer to our customers and accelerating our growth. We are immensely proud of our progress towards achieving our sustainability goals alongside our revolutionary technology solutions that continue to solve industry challenges whilst making the world a better and more sustainable place to live. This has only been possible with the support and dedication of our incredible team”.
ENDS
For more information, please contact:
Coats Press Office
communications@coats.com
Ellen Johnson, Brand & Communications Director, ellen.johnson@coats.com
Coats Digital Contact
Laurena McKenna, PR & Communications Manager, laurena.mckenna@coats.com
Notes to Editors
1. The Investment Sustainability Award Madurai Sustainability Hub
The Sustainability Hub in Madurai will support customers and other stakeholders in creating sustainability in the industry, enabling Coats to streamline sustainability innovation, enhance brand collaborations and facilitate faster sustainable product offers and market entry capabilities. It is part of a 10 million USD investment planned over the next five years in scaling up the development of green technologies and materials to accelerate the achievement of Coats’ ambitious sustainability targets.
https://www.coats.com/en/news/2023/03/coats-unveils-state-of-the-art-sustainability-hub
2. The Environmental Sustainability Textile Award
Coats Epic Eco-B is a recycled corespun polyester thread incorporating an additive from CiCLO® to reduce synthetic fibre accumulation in landfills and oceans. The technology creates biodegradable ‘spots’ in the polymer matrix, where naturally occurring microbes in certain environments can break down the plastics just as they do with natural fibres. Fibres and yarns are traceable – CiCLO® technology has an authentication program that requires all fibre producers to validate the presence of CiCLO® in every batch they manufacture. It is certified to STANDARD 100 by OEKO-TEX® CLASS I and is less energy-intensive to produce in comparison to virgin materials, which results in lower carbon emissions during production. Delivers a similar level of performance as the virgin range whilst offering sustainability benefits.
https://www.coats.com/en/products/threads/epic/epic-eco-b
3. The M&A Award
Coats acquired Texon in 2022. Texon provides high-quality structural components to the global footwear market and has a long heritage as a proven supplier to the world’s leading brands. The business is focused on sustainable innovation and supplies high-performance, sustainable materials, including heel counters, toe puffs and insoles to the highly attractive premium athleisure footwear market. Texon, which has operations in Asia and Europe, is a complementary addition to Coats’ existing footwear business with attractive commercial opportunities from leveraging Coat’s existing footprint.
4. The Environmental Supply Chain Award
FastReactFabric is the only fabric optimisation solution in the industry that uniquely connects fabric cutting and buying operations into a single platform, enabling fashion manufacturers to significantly reduce the fabric required which will have a positive impact on the environment.
FastReactFabric is being continually advanced to address changing industry needs and now offers fabric roll allocation which is a pivotal step in the garment manufacturing process. FastReactFabric employs advanced algorithms that consider various factors to provide a roll allocation plan within seconds. This plan is optimised for maximum efficiency, resulting in minimal leftover fabric remnants.
https://www.coatsdigital.com/en/manufacturer/fastreactfabric
5. The Product Launch Digital Platform Award
Launched in September 2022, FastReactFabric provides the insights apparel manufacturers need to track real-time fabric usage and wastage, as well as efficiently plan for complex styles and colourways. The solution has proven to significantly reduce fabric costs by up to 2.5 percent; shrink fabric buying and planning times by 90 percent and provide 100 percent fabric tracking, reducing overall fabric remnants that so often end up in landfill.
https://www.coatsdigital.com/en/manufacturer/fastreactfabric
About Coats Group Plc
Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment. Headquartered in the UK, Coats is a FTSE250 company and a FTSE4Good Index constituent. Revenues in 2022 were $1.6bn.
Trusted by the world’s leading companies to deliver vital, innovative, and sustainable solutions, Coats provides value-adding products including apparel, accessory and footwear threads, structural components for footwear and accessories, fabrics, yarns, and software applications. Customer partners include companies from the apparel, footwear, automotive, telecoms, personal protection, and outdoor goods industries.
With a proud heritage dating back more than 250 years and spirit of evolution to constantly stay ahead of changing market needs, Coats has operations across some 50 countries with a workforce of over 17,000, serving its customers worldwide.
Coats connects talent, textiles, and technology, to make a better and more sustainable world. Worldwide, there are four dedicated Coats Innovation and Sustainability Hubs, where experts collaborate with partners to create the materials and products of tomorrow. It participates in the UN Global Compact and is committed to Science Based sustainability targets for 2030 and beyond, with a goal of achieving net-zero by 2050. Coats is also committed to achieving its goals in Diversity, Equity & Inclusion, workplace health & safety, employee & community wellbeing, and supplier social performance.
About Coats Digital
Coats Digital is the software business of Coats Group plc and is the leading digital transformation partner for the fashion supply chain, powering sustainable processes and high value insights through connected technologies. We leverage deep industry and technology expertise to help brands and manufacturers optimise, connect and accelerate business critical processes from design and development to method-time-cost optimisation, production planning and control, fabric optimisation and shop floor execution. Used in over 3,000 factories globally, our unmatched end-to-end apparel, footwear and textile software and SaaS solutions improve agility, speed to market, efficiency, transparency and sustainability. Coats Digital – transform with intelligence.
To find out more about Coats Digital visit www.coatsdigital.com
About Just Style Excellence Awards
The Just Style Excellence Awards is one of the largest, most prestigious, and widely recognised programmes throughout the industry. It is a valuable part of our platform which is the voice of authority in the industry. Our objective is to recognise forward-thinking, innovative companies that drive positive change in the industry. The focus of the programme is the following Areas of Excellence: Business Expansion, Diversity, Environmental, Financing, Innovation, Investments, M&A, Marketing, Product Launches, Research and Development, Safety and Social.
Please find more information here: www.just-style.com/excellence-awards
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