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Altri SGPS (ASGSY) has signed an agreement to acquire a majority stake in AeoniQ™, a Swiss-based cleantech company that has developed the world's first climate-positive, biodegradable cellulosic filament yarn. The strategic acquisition aims to scale up the industrial production of this sustainable textile yarn designed to replace polyester and nylon.
The deal includes plans to construct the world's first industrial AeoniQ™ plant at Altri's Caima pulp mill, with construction starting in 2026 and an initial capacity of 1,750 tons per year. A pre-industrial plant will be launched in early 2026 in Portugal to accelerate prototyping and brand partnerships.
The joint venture combines Altri's industrial expertise with HeiQ's technology, featuring strategic partnerships with major players including Hugo Boss, MAS Holdings, and THE LYCRA COMPANY. AeoniQ™'s yarn is fully biodegradable and reduces CO₂ emissions by at least 3.2 kg per kg compared to polyester. The completion of the acquisition is expected in Q3, subject to standard closing conditions.
