Coats Group Plc - Company Profile
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Business Description
Coats Group Plc (Coats) is a global leader in the design and supply of industrial sewing threads and structural components. Coats is recognized for its expertise in providing high-quality threads, yarns, zips, and composites. Coats various industries including telecoms, personal protection, apparel, footwear, automotive, and outdoor goods industries.
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R&D Overview
Coats is focused on innovation as a core driver of growth, with strategic investments in textile engineering, surface science, polymer science, fire science, and color science. The company is committed to sustainable innovations, with advancements in recycled thread products, lightweight structural components, and next-generation materials for personal protection equipment. Coats is also exploring new materials and technologies to align with sustainability goals, such as circular polyester and bio-based materials. The R&D units of the company include Innovation hubs and spokes, which are responsible for strengthening core technology areas and solving customer challenges. These units enable the company to enter adjacent markets and expand its impact and growth potential. The company has four global innovation hubs that concentrate on efficiently predicting and meeting customer requirements across our divisions. In FY2024, the company invested US$5.7 million in its R&D activities, which, as a percentage of revenue, stood at 0.4%.
Business Segments
Overview
Offers sewing threads to the apparel industry. It serves various industries, including children's wear, denim, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms. Prominent key brands associated with this segment include Coats EcoVerde and Coats Digital. The Apparel segment focuses on market share gains, sustainability, innovation, and digital solutions to drive growth and maintain its leadership position.
Performance
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Overview
Provides highly engineered structural components and performance threads to the footwear industry, serving athleisure, performance, sports markets, and premium leather handbags. It combines Coats, Texon, and Rhenoflex brands. Prominent key brands associated with this segment include Coats, Texon, and Rhenoflex. The segment focuses on driving innovation and sustainability, leveraging cross-selling opportunities and expanding its product portfolio to meet market and customer needs.
Performance
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Overview
Designs and supplies highly engineered performance threads, yarns, and lightweight composites. These products are used in a range of industries, including thermal and cut-protective wear, telecom, automotive, household, oil and gas infrastructure, and recreational products.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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