Textiles and apparel business update, October 2022
Environmental sustainability is of growing importance within the global fibre, textile and apparel industry, and pressures to improve their sustainability credentials have prompted several companies to adapt their business strategies. This report provides information on the latest business developments in relation to environmental sustainability with a particular focus on: circularity; investments; joint ventures, cooperation, licensing and distribution; new facilities; recommerce; and recycling. Furthermore, the report includes information and insight relating to the following innovative brands, companies and other organisations: Allbirds; Archroma; Avantium; Carbios; CleanKore; Epic Group; Euratex (the European Apparel and Textile Confederation); the European Commission; Fashion for Good; HeiQ; Infinited Fiber Company; lululemon athletica (lululemon); Novoloop; Polybion; Puma; Recover; Spinnova; Stony Creek Colors; Sysav; Trove; and VF Corporation.
- SUMMARY
- CIRCULARITY
- FASHION FOR GOOD HAS LAUNCHED A NEW PILOT OPERATION, CALLED SORTING FOR CIRCULARITY PROJECT, WHICH RELATES TO THE RECYCLING OF TEXTILE WASTE
- EURATEX HAS LAUNCHED AN INITIATIVE CALLED REHUBS WHICH AIMS TO RECYCLE 2.5 MN TONS OF TEXTILE WASTE A YEAR BY 2030
- THE EUROPEAN COMMISSION HAS PUBLISHED THE EU STRATEGY FOR SUSTAINABLE AND CIRCULAR TEXTILES
- INVESTMENTS
- AVANTIUM HAS SECURED EURO3 MN WORTH OF INVESTMENT TO CONVERT CARBON DIOXIDE (CO2) INTO CHEMICALS FOR USE IN TEXTILE PROCESSING
- HEIQ HAS RECEIVED SIGNIFICANT INVESTMENT FOR THE DEVELOPMENT OF ITS HEIQ AEONIQ YARN
- INFINITED FIBER COMPANY HAS SECURED MORE THAN EURO100 MN WORTH OF INVESTMENT FROM INDITEX RELATING TO THE SUPPLY OF INFINNA FIBRE
- NOVOLOOP HAS SECURED US$11 MN WORTH OF INVESTMENT TO DEVELOP ITS POLYETHYLENE RECYCLING PROCESS FURTHER
- POLYBION HAS SECURED US$4.4 MN WORTH OF INVESTMENT TO SCALE UP PRODUCTION OF ITS CELIUM ARTIFICIAL LEATHER MATERIAL
- JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
- ARCHROMA AND STONY CREEK COLORS HAVE SIGNED A PARTNERSHIP AGREEMENT RELATING TO THE PRODUCTION OF A PLANT-BASED INDIGO DYE CALLED INDIGOLD
- CARBIOS HAS SIGNED A PARTNERSHIP AGREEMENT WITH FOUR LEADING SPORTSWEAR AND OUTDOOR WEAR MANUFACTURERS
- EPIC GROUP AND CLEANKORE HAVE ENTERED INTO A JOINT VENTURE AGREEMENT TO SCALE UP CLEANKORE’S PATENTED YARN DYEING TECHNOLOGY
- RECOVER AND SYSAV HAVE SIGNED A PARTNERSHIP AGREEMENT RELATING TO THE RECYCLING OF POST-CONSUMER TEXTILE WASTE
- NEW FACILITIES
- INFINITED FIBER COMPANY HAS SELECTED A SITE FOR A EURO400 MN FACILITY FOR PRODUCING INFINNA FIBRE
- SPINNOVA HAS COMMENCED CONSTRUCTION OF ITS NEW SPINNING FACILITY IN JYVÄSKYLÄ, FINLAND
- RECOMMERCE
- ALLBIRDS HAS LAUNCHED A RESALE PROGRAMME CALLED RERUN
- LULULEMON ATHLETICA (LULULEMON) HAS EXPANDED ITS PRODUCT TRADE-IN AND RESALE PROGRAMME
- RECYCLING
- PUMA HAS LAUNCHED A PILOT OPERATION TO TRIAL A PRODUCTION PROCESS WHICH CONVERTS USED FOOTBALL JERSEYS INTO NEW FOOTBALL JERSEYS
- VF CORPORATION HAS JOINED A CONSORTIUM TO LAUNCH A PILOT OPERATION RELATING TO THE RECYCLING OF BLENDED TEXTILE WASTE IN CAMBODIA
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