Explore the words cloud of the HIPER-YARN project. It provides you a very rough idea of what is the project "HIPER-YARN" about.
The following table provides information about the project.
SOCIEDAD ANONIMA HILADOS EGARFIL
|Coordinator Country||Spain [ES]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
|Duration (year-month-day)||from 2018-06-01 to 2018-11-30|
Take a look of project's partnership.
|1||SOCIEDAD ANONIMA HILADOS EGARFIL||ES (TERRASSA)||coordinator||50˙000.00|
This project represents a breakthrough innovation for EGARFIL as it aims to introduce to the market HIPER-YARN, a new product, which represents a technological advance in the field, not comparable with state-of-the-art solutions.
HIPER-YARNs are advanced composite textile materials that EGARFIL developed driven by the market need of yarns resistant to cutting for anti-vandal applications, in particular for public transportation seating upholstery. Bus and train operators spend millions each year to repair vandal acts across the EU that could be reduced by using high resistance and cut-proof yarns in their textile seating upholstery.
HIPER-YARN has a performance outclassing current yarns available in the market (50% more resistance, 40% more durable). It is manufactured by using the worsted spinning process while current products are made of filament yarns or by using the cotton spinning process. The unique selling points of HIPER-YARN are: (a) high performance surpassing those of continuous filament yarns, (b) better aesthetics and touch feeling, (c) increased durability and (d) significantly lower cost both by the composition and due to its easier downstream processing ability
HIPER-YARN has the potential to enter several high-end markets (MOBILTECH, HOMETECH and PROTECH). A total of 9 current customers (national and EU) are interested in HIPER-YARN and there are 21 more identified which are not customers at this moment, but are potential consumers. Estimated target sales for HIPER-YARN are to reach 8.4M€ in 2024 in this sector with a profit of 1M€ based on a 12% gross profit margin after an additional investment of 550k€ (3.7 ROI). This expansion will create 9 full-time jobs in EGARFIL from 2021 to 2024.
The main result of phase 1 will be the feasibility study including a business plan. This will enable EGARFIL better assess the market opportunity, technical requirements and viability, identify key players and establish initial contacts with key stakeholders.
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The information about "HIPER-YARN" are provided by the European Opendata Portal: CORDIS opendata.
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