# MAS Holdings invests in HeiQ AeoniQ for sustainable yarn

MAS Holdings secured a stake in HeiQ AeoniQ GmbH and signed a 5-year offtake agreement for 3,000 tons of HeiQ AeoniQ yarn in 2025 and 5,000 tons per year from 2026 to 2029, valued at US$100 million.

- Type: Investment
- Announced: 2023-07-06
- Value: $100.0M
- Status: announced
- Capacity: 3,000 tons in 2025, 5,000 tons per year from 2026 to 2029
- Products: cellulosic filament yarn (HeiQ AeoniQ)
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [MAS GmbH](https://endata.com/companies/16407.md) (investor)
- [HeiQ Plc](https://endata.com/companies/55818.md) (partner)
- [HeiQ AeoniQ LLC](https://endata.com/companies/61020.md) (target)

## Sources

- [prnewswire.co.uk](https://www.prnewswire.co.uk/news-releases/mas-holdings-invests-in-heiq-aeoniq-a-sustainable-alternative-to-synthetics-301869733.html), 2023-07-06: "With the closing of this deal, HeiQ and MAS agreed to a 5-year Offtake Agreement for 3,000 tons of HeiQ AeoniQ™ yarn in 2025 and 5,000 tons per year from 2026 to 2029, valued by HeiQ in the aggregate to US$ 100 million."
- [newswire.ca](https://www.newswire.ca/news-releases/mas-holdings-invests-in-heiq-aeoniq-tm-a-sustainable-alternative-to-synthetics-820086172.html), 2023-07-06: "With the closing of this deal, HeiQ and MAS agreed to a 5-year Offtake Agreement for 3,000 tons of HeiQ AeoniQ™ yarn in 2025 and 5,000 tons per year from 2026 to 2029, valued by HeiQ in the aggregate to US$ 100 million."
- [specialtyfabricsreview.com](https://specialtyfabricsreview.com/2023/07/10/mas-holdings-heiq/), 2023-07-10: "With this investment, MAS Holdings becomes the first manufacturer to partner with HeiQ AeoniQ in their efforts to provide a sustainable alternative to polyester and nylon."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.