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  • Alexium International And Duro Textiles To Start Production Of FR Nylon Products 0 comments
    Jan 8, 2013 8:49 PM

    Alexium International Group (ASX: AJX) and Duro Textiles will this week start production runs for a specific end application using Alexium's flame retardant (NYSE:FR) nylon treatment.

    Initial product runs for other customers are planned over the next months with the company saying that its late product development phase and commercial roll out are proceeding on plan.

    "Transitioning our FR nylon treatment to Duro's production floor is a key near-term objective," Alexium chief operating officer Stefan Susta said.

    "Both parties are eager to get over the last development stages and get products into the market."

    With the production transition of FR nylon to Duro Textiles, Alexium will shift technical emphasis to developing an exciting product pipeline for nylon blends and non-textile applications.

    Licenses have not being assigned for treatments of nylon blends and non-textile applications.

    Duro Textiles, one of the largest distributors of textile products in the U.S. and part of the $7B Patriarch Group, had licensed Alexium's FR nylon treatment under an exclusive commercial agreement for nylon fabrics.

    This covers Duro's products containing at least 95% nylon FR for military, government and commercial markets in North America.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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