World’s leading industrial thread company Coats’ H1 2021 revenues increased to $732 million compared to $536 million of H1 2020. As per Apparel Resources, the company’s organic revenues increased by 1 per cent compared to 2019 and 34 per cent compared to 2020, despite recent lockdown impacts in India in May and June which have now ended.

Revenue in its core thread business increased 41 per cent compared to 2020. Its markets across the US, Europe and Asia performed well in the sports and athleisure segments. Revenues in the performance materials segment grew 19 per cent compared to 2020), with all segments performing strongly apart from personal protection, which continues to be impacted by US labour availability issues.

Coats also launched 12 new products in the first half, generating $ 11 million of incremental revenue. One of the most significant of its launches include EcoRegen, a biodegradable thread supporting the brand’s drive towards a circular economy, says Rajiv Sharma, CEO

In the second half of the year, Coats will continue to focus on profitable sales growth, strong customer relationships, digital, innovation and sustainability credentials and ongoing pricing and productivity actions.