Coats Opens New Gotex Plant as Centre of Excellence for Telecom Infrastructure
- 20 Jul 2022
Coats, the world's leading industrial thread manufacturer, has opened a new Centre of Excellence plant for Telecom Infrastructure.
Gotex has been part of the multinational Coats Group since June 2016. Gotex is today, a leading global manufacturer in Telecom Infrastructure, Energy and Composites.
The new Gotex plant ranks first in the manufacture of products for the telecommunications industry within the Coats Group at a global level. It also has an R&D department specialised in the development and innovation of new products for both the telecommunications sector and the oil/gas industry.
Coats-Gotex moved from Sabadell to Lliçà, Barcelona to create a larger space that would allow them to grow over the coming years. The new plant is built on 13.000m2 and is almost three times bigger than the previous Gotex warehouse in Sabadell. Coats has invested around 5 million euros into this project.
Today, Gotex is the HUB for the Telecom, Energy and Composites market worldwide, operating with a workforce of around 130 people and plan to grow further in the coming years. Export sales represent 90% of total annual sales.
Rajiv Sharma, Coats Group Chief Executive, said: ‘A key part of our company purpose is to make a better and more sustainable world. Coats has an ambition to reduce emission by 50% in this decade and reach Net-Zero emissions by 2050. One example of our sustainability initiatives at the new Gotex plant is to support the production of a new coated fibreglass yarn that uses less chemicals and energy consumption in its process, in addition the fibreglass waste can be sold as a secondary raw material for other applications. We will continue to invest in our sustainability strategy and have earmarked $10m to fund the scaling up of green technologies and materials that are relevant to our industry supply chain.’
ENDS
For more information contact:
Ellen Johnson, Director of Brand and Communications
Ellen.Johnson@coats.com
M +44 (0) 7721 237884
Notes to Editors
About Coats
Coats is the world’s leading industrial thread company. At home in some 50 countries, Coats has a workforce of over 17,000 people across six continents. Revenues in 2021 were US$1.5bn.
Coats provides complementary and value-adding products, services and software solutions to the apparel and footwear industries. It also applies innovative techniques to develop high technology performance materials threads, yarns, fabrics and composites in areas like personal protection, telecoms, energy, transportation, and household and recreation.
Headquartered in the UK, Coats is a constituent of the FTSE 250 and FTSE4Good Index Series. It is a participant in the UN Global Compact, a member of the Ellen MacArthur Foundation, has approved short term Science Based Targets to 2030 and is committed to developing a long-term target to reach net-zero emissions by 2050, the highest level of ambition on climate change under the Science Based Target initiative.
The pioneering history and innovative culture of Coats enable the delivery of its purpose to connect talent, textiles and technology to make a better and more sustainable world.