Market Research Report on Milliken & Company
Company Overview
Name
Milliken & Company
Mission
"Together we strive to positively impact the world around us for generations to come."
Founded
1865
Founders
Seth M. Milliken and William Deering
Key People
- Halsey M. Cook, Jr. - President and CEO
- David Smith - Executive Vice President and President of Milliken's Textile Business
- Bethany Smith - SVP and Chief Human Resources Officer
- Kasel Knight - SVP and General Counsel, Head of Sustainability
Headquarters
Spartanburg, South Carolina, USA
Number of Employees
8,000
Revenue
No information is available
Known For
Milliken & Company is known for its diversified manufacturing capabilities, specializing in specialty chemicals, floor coverings, and performance materials. They are acclaimed for their innovations, sustainability initiatives, and ethical business practices.
Products
Overview
Milliken & Company offers a wide array of products across various industries, categorized mainly under Textile, Chemical, Floor Covering, and Healthcare sectors.
Textile Products
Milliken & Company provides a broad range of textiles designed for various applications:
- Industrial and Technical Textiles: Fire-resistant fabrics, technical textiles for military and defense, and high-performance apparel fabrics.
- Decor and Hospitality: Environmentally conscious fabrics, premium table linens, and upholstery fabrics.
- Automotive Textiles: Nonwoven solutions for various automotive applications.
- Bedding and Mattress Textiles: Engineered to offer superior comfort and durability.
Chemical Products
Milliken’s chemical product offerings enhance performance and sustainability:
- Polymer Additives: Improve product performance and productivity.
- Clarifiers and Concentrates: Enhance clarity and processing speed.
- Coating Additives and Colorants: Offer dynamic colors and improved product performance.
- Microencapsulation and Silicones: Provide controlled release and enhanced flexibility.
- Surfactants and Intermediaries: Cover a wide range of applications from emulsification to thickening.
Floor Covering Products
Milliken designs floor covering solutions that are aesthetic and environmentally sustainable:
- Carpet and LVT: Innovative designs incorporating recycled materials and achieving carbon neutrality.
- Entryway Tiles: Enhance the aesthetic and functionality of entry points while reducing carbon emissions.
Healthcare Products
Milliken offers advanced healthcare products focused on wound care:
- Wound and Burn Care Dressings: Help wounds heal faster with innovative dressing solutions.
- Compression Solutions, Cohesive Bandages, and Tapes: Serve both medical and animal care markets.
Key Features of Products
- Fire Resistance: High-protection fabrics for firefighters and military personnel.
- Sustainability: Products designed with eco-friendly processes and materials.
- Durability and Comfort: Textiles and floor coverings that combine resilience with user comfort.
- Advanced Healthcare: Innovative wound care solutions improving patient outcomes.
Recent Developments
New Products Launched
- Artemis Flame-Resistant Fabrics: Development of flame-resistant undergarment fabrics for NASA's Artemis missions. (For use in space missions with enhanced flame-resistant requirements).
New Features Added
- Carbon Neutral Flooring: All Milliken’s carpet, LVT, and entryway tiles are now carbon neutral globally.
New Partnerships and Collaborations
- Collaboration with Jacobs on NASA Artemis Project: Developing new textile materials for space use.
Awards and Recognitions
- World's Most Ethical Companies 2024: Milliken has consistently been recognized by Ethisphere for commitment to ethical practices.
- Top 100 Global Most Loved Workplaces 2024: Recognized by Newsweek for workplace culture and employee satisfaction.
- America’s Most Innovative Companies: Recognized by Fortune and Statista Inc.
- EcoVadis Gold Rating: Placed in the top 2% for sustainability practices in 2023.
- Forbes Best Employers for Diversity 2024: Recognized for diversity-related best practices.
Sustainability Initiatives
- PFAS Elimination: Successfully removed all per- and poly-fluoroalkyl substances from textile fibers and finishes.
- Net-Zero Goals: Commitment to reducing greenhouse gas emissions and achieving net-zero by 2050.
- Renewable Energy Investments: Focus on renewable energy projects and efficient manufacturing technologies.
- Material Health and Circularity: Commitment to using non-harmful chemicals and advancing a circular economy.
Conclusion
Milliken & Company stands out in its diversified approach to innovation, sustainability, and ethical business practices. With a rich history and a forward-thinking approach, the company continues to positively impact various industries through its groundbreaking products and initiatives.