Who we are
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 a spirit of evolution to constantly stay ahead of changing market needs, Coats has operations across some 50 countries with a workforce of over 18,000, 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 and inclusion, workplace health and safety, employee and community wellbeing, and supplier social performance.
Our Vision and Strategic Goals
Our vision is to be the global textiles leader and trusted partner delivering innovation, digital and sustainable solutions with lasting value to all stakeholders.
We have three strategic goals to work towards in order to achieve our vision.
Profitable sales growth
- Apparel
Increasing our market share by delivering sustainable, innovative and value-adding product and service solutions to our global customer base. - Footwear
Strengthening our leading footwear threads and components supplier position through enhanced product portfolio, accelerated innovation and sustainability, and expanded global footprint. - Performance Materials
Lead with innovative and sustainable developments in highly engineered products creating textile-based industry solutions for attractive and growing end markets.
Continuing to strengthen the core
- Employee investment
Continued investment in the development of our employee capabilities so they can reach their full potential in a safe, respectful and inclusive workplace. - Customer centricity
Maintain focus to ensure we meet industry demand for speed, personalisation, innovation, cost, quality, reliability and sustainability in support of critical elements within the supply chain.
Value creation
Disciplined use of capital to fund inorganic opportunities to build scale and acquire new capabilities, technology and talent.
Our goals are underpinned by the following strategic enablers:
Digital
To stay relevant, we recognise the need to evolve in new directions. This requires us to think ‘beyond the stitch line’ to collaborate with internal and external stakeholders, to repurpose our products into new areas and use machine learning and artificial intelligence to inform new ways of operating, fit for the digital age.
Innovation
Innovation is at the heart of everything we do. We recognise that big, bold, game-changing ideas are crucial to our success.
We continue to accelerate our innovation credentials and solutions to deliver tailored customer solutions to meet their design requirements.
Sustainability
Sustainability has long been at the core of how we do business and is a key driver of our strategic decisions. Our sustainability agenda is important to all our stakeholders. Not only does it give us a competitive advantage, but it also allows us to help our customers with their own sustainability agendas.