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08.03.2024

Infinited Fiber Company completes development financing round

Infinited Fiber Company has successfully completed a two-part development financing round totaling 40 million euros, with significant investments from new investors Inditex, TTY Management, Youngone and Goldwin, in addition to existing ones.

The new investors are Inditex Group, the parent company of Zara and other brands, and TTY Management B.V., an asset management company privately owned by Tadashi Yanai, Chairman, President and CEO of Fast Retailing. Outdoor clothing manufacturer Youngone (YOH CVC Fund 1 Limited Partnership) and Japanese sportswear manufacturer Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership) are also among the new investors who joined in the recent second closing of EUR 27 million.

The first part of the development financing round, closed in summer 2023, included investments from existing investors. Apparel companies H&M Group, adidas, BESTSELLER, and Zalando further reinforced their long-term commitment to Infinited Fiber. Also investment company VTT Ventures participated in the first closing, and investment companies Security Trading and Nidoco AB in both closings of the round.

Infinited Fiber Company has successfully completed a two-part development financing round totaling 40 million euros, with significant investments from new investors Inditex, TTY Management, Youngone and Goldwin, in addition to existing ones.

The new investors are Inditex Group, the parent company of Zara and other brands, and TTY Management B.V., an asset management company privately owned by Tadashi Yanai, Chairman, President and CEO of Fast Retailing. Outdoor clothing manufacturer Youngone (YOH CVC Fund 1 Limited Partnership) and Japanese sportswear manufacturer Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership) are also among the new investors who joined in the recent second closing of EUR 27 million.

The first part of the development financing round, closed in summer 2023, included investments from existing investors. Apparel companies H&M Group, adidas, BESTSELLER, and Zalando further reinforced their long-term commitment to Infinited Fiber. Also investment company VTT Ventures participated in the first closing, and investment companies Security Trading and Nidoco AB in both closings of the round.

After the development financing round, Inditex, TTY Management and H&M Group are the largest shareholders of Infinited Fiber Company.

Source:

Infinited Fiber Company

Istanbul Fashion Connection 2023 again successful Photo: IFCO
08.09.2023

Istanbul Fashion Connection 2023 again successful

With over 400 exhibitors, the fourth Istanbul Fashion Connection event from August 9-11, 2023, at the Istanbul Expo Center on 35,000 sqm was again successful.

With over 20,000 visitors from more than 125 countries, IFCO recorded an increase in visitors of over 30% compared to August last year. International visitors more than doubled, with the largest visitor groups coming from Asia and the Middle East at 33% each, Europe at 17%, Africa 11% and the Americas at 6%.

All retail channels were represented at the show, from large shopping mall and department store groups to wholesalers, international retail chains, multi-brand boutiques and online platforms.

Exhibitors
In six clearly segmented halls, more than 400 brands presented themselves on 35,000 sqm from womenswear, menswear, kidswear sportswear, denim, leather and fur.

With over 400 exhibitors, the fourth Istanbul Fashion Connection event from August 9-11, 2023, at the Istanbul Expo Center on 35,000 sqm was again successful.

With over 20,000 visitors from more than 125 countries, IFCO recorded an increase in visitors of over 30% compared to August last year. International visitors more than doubled, with the largest visitor groups coming from Asia and the Middle East at 33% each, Europe at 17%, Africa 11% and the Americas at 6%.

All retail channels were represented at the show, from large shopping mall and department store groups to wholesalers, international retail chains, multi-brand boutiques and online platforms.

Exhibitors
In six clearly segmented halls, more than 400 brands presented themselves on 35,000 sqm from womenswear, menswear, kidswear sportswear, denim, leather and fur.

The Core Istanbul
For the second time, the exclusive design area The Core Istanbul, originally launched as part of Istanbul Fashion Week, presented itself at IFCO. Among others, Arzu Kaprol, Ceren Ocak, Çiğdem Akın, Essin Barış, Ezgi Karayel, Fulyaİlkmen - F.ILKK, Mehmet Emiroğlu, Meltem Özbek, Mert Erkan, Merve Ulu - Kuela, Murat Aytulum, Nejla Güvenç - Nej, Özlem Erkan, Selin Küçüksöz, Tuba Ergin joined the show. Menswear was also represented with Emre Erdemoğlu, Seydullah Yılmaz - SYHZ Wear and Yakup Biçer - Y Plus.

The Exclusive Area
Leading Turkish retail brands, already internationally active, showed in The Exclusive Area such as B&G Store, Climber BC, Damat, Giovane Gentile, Hatemoğlu, Ipekyol, Kayra, Kiğılı, Lee Cooper, Lufian, Jakamen, Naramaxx and convinced with their high quality, sustainable and fashionable products, which were in great demand among international buyers. Jakamen opened the IFCO Shows on the first day of the fair with its latest spring / summer collection for 2024.

FashionIst
With its own catwalk, the occasion fashion section FashionIst for women and men featured thirty leading brands and showed a cross-section of the latest designs in evening fashion with their innovative colors and dynamic styles. Daily fashion shows informed visitors about the latest trends.

B2B Match Making
The B2B Match Making at IFCO took place in speed dating mode and was well received. Exhibitors were efficiently networked with buyers from all over the world such as Inditex from Spain, Walmart, Quicksilver, Teddy Fresh or Wilbo from the USA, Sainsbury's from the UK, Cihuah from Mexico, the Apparel Group and Safari Group from the United Arab Emirates, Ria Miranda from Indonesia, Hi Style and Zalora from Malaysia, Musinsa from South Korea, Ackermans from South Africa etc.

IFCO February 2024
For the next date of IFCO (7.-10. February, 2024), the organizers expect more than 600 companies. The participation of international fashion companies is to be expanded, for which IFCO provides the ideal springboard into the European and Asian markets.

Source:

IFCO / JANDALI MODE.MEDIEN.MESSEN

16.06.2023

Techtextil India hosting SITRA’s Expo on Medical Textiles

On the side-lines of the three-day fair, Techtextil India’s 2023 edition scheduled from 12th –14th September, will be hosting SITRA’s Expo on Medical Textiles called MEDITEXTM2023 - an exclusive pavilion that focuses on medical textiles with live demonstrations and high-growth application areas offering a global platform for business opportunities.

On the side-lines of the three-day fair, Techtextil India’s 2023 edition scheduled from 12th –14th September, will be hosting SITRA’s Expo on Medical Textiles called MEDITEXTM2023 - an exclusive pavilion that focuses on medical textiles with live demonstrations and high-growth application areas offering a global platform for business opportunities.

Medical textiles are fabrics that are used in the healthcare industry for a variety of purposes ranging from maintenance of hygiene, prevention/control of infection to saving the life of critically ill patients. In recent years, the demand for medical textiles has been growing in India due to rise in geriatric population, accidents and life style diseases. Besides, various initiatives of Governments, increased awareness about hygiene, medical tourism and advancements in textile technology are driving the growth of medical textile industry in India. According to a report published by Ministry of Textiles on the Indian Technical Textiles market, the market potential of medical textiles market at 5% is valued approximately at USD 1.125 billion in the year 2021-22.
 
SITRA is a Textile Research Association, sponsored by the industry and supported by the Ministry of Textiles (MoT), with the contribution to the textile industry for more than 65 years. Its Centre of Excellence for Medical Textiles, established by MoT in 2008, has been organising MEDITEX - an International Medical Textile Expo cum Conference in 2014 and 2018 respectively. This exclusive fair for medical textiles has been offering a global platform for business opportunities in the varied application of medical textiles which has witnessed a good participation from the industry. For 2023, the expo will be held as a part of Messe Frankfurt India’s Techtextil India 2023.

Target topics based seminars, supported by Ministry of Textiles, Government of India would also be held concurrently along with the exhibition wherein the speakers would be discussing about current and evolving technologies in medical textiles. Stakeholders and visitors to the conference as well as the exhibition would get to witness and benefit from world class, state-of-the-art medical textiles products/machineries and technologies.

Source:

Messe Frankfurt (HK)

22.06.2022

Anmeldestart zur Abschlussveranstaltung von DiTex

19. / 20. Oktober 2022, Berlin, Hotel Aquino

Das vom BMBF geförderte Vorhaben „DiTex – Digitale Technologien als Enabler einer ressourceneffizienten kreislauffähigen B2B-Textilwirtschaft“ hat recyclingfähige Leasing-Berufsbekleidung und -Bettwäsche entwickelt, in der Praxis erprobt und ihre Ressourceneffizienz und Eignung bewertet. Die Abschlussveranstaltung „Auf dem Weg zu einer zirkulären Textilwirtschaft – Produkte, Geschäftsmodelle und digitale Strategien“ findet am 20. Oktober 2022 in Berlin statt.

Vorgestellt werden zirkuläre Produktdesigns für Großabnehmer und wie Anforderungen an Komfort, Langlebigkeit und Nachhaltigkeit gebündelt werden können.
Diskutiert werden drei Schwerpunktthemen:

19. / 20. Oktober 2022, Berlin, Hotel Aquino

Das vom BMBF geförderte Vorhaben „DiTex – Digitale Technologien als Enabler einer ressourceneffizienten kreislauffähigen B2B-Textilwirtschaft“ hat recyclingfähige Leasing-Berufsbekleidung und -Bettwäsche entwickelt, in der Praxis erprobt und ihre Ressourceneffizienz und Eignung bewertet. Die Abschlussveranstaltung „Auf dem Weg zu einer zirkulären Textilwirtschaft – Produkte, Geschäftsmodelle und digitale Strategien“ findet am 20. Oktober 2022 in Berlin statt.

Vorgestellt werden zirkuläre Produktdesigns für Großabnehmer und wie Anforderungen an Komfort, Langlebigkeit und Nachhaltigkeit gebündelt werden können.
Diskutiert werden drei Schwerpunktthemen:

  • Wie können digitale Strategien sinnvoll für Kreislaufführung und ressourceneffiziente Nutzung von Miettextilien eingesetzt werden?
  • Welche Chancen für verbesserte Ressourcennutzung bietet Textilrecycling?
  • Wie kann das Geschäftsmodell des Textilleasings zu einer textilen Kreislaufwirtschaft beitragen?

Am Vorabend der Konferenz, am 19. Oktober 2022, besteht die Gelegenheit, sich bei einem Get-Together ab 18 Uhr mit anderen Teilnehmenden und Projektbeteiligten auszutauschen.

Eine Anmeldemöglichkeit besteht bis zum 19.08.2022.

Source:

Institut für ökologische Wirtschaftsforschung (IÖW) GmbH

(c) ChemSec, report Not Quite 100%
28.04.2022

ChemSec' Study: Consumer brands demand clarity on recycled plastics

A new interview study from NGO ChemSec shows that there is a gap between supply and demand when it comes to recycled materials, causing confusion and bottlenecks. Among other things, suppliers go out of their way using elaborate trade schemes to reach the coveted ”100% recycled” tag, which – it turns out – is not that important to consumer product brands. Far more crucial aspects, according to several major B2C companies, are:

  • Honest communication towards customers
  • Comprehensive information from suppliers
  • Clear standards for recycled material

These are some of the conclusions from NGO ChemSec’s survey and interview study with 26 highly well-known consumer product brands. All brands responded to a survey concerning their current plastic use, as well as their needs, expectations and challenges regarding using more recycled material, to enable the shift to a circular economy for plastics.

Ten of the brands then participated in in-depth interviews on the same topics:, Essity, H&M, IKEA, Inditex , Lego, Mars,  SC Johnson, Tarkett, Unilever and Walgreens Boots Alliance.

A new interview study from NGO ChemSec shows that there is a gap between supply and demand when it comes to recycled materials, causing confusion and bottlenecks. Among other things, suppliers go out of their way using elaborate trade schemes to reach the coveted ”100% recycled” tag, which – it turns out – is not that important to consumer product brands. Far more crucial aspects, according to several major B2C companies, are:

  • Honest communication towards customers
  • Comprehensive information from suppliers
  • Clear standards for recycled material

These are some of the conclusions from NGO ChemSec’s survey and interview study with 26 highly well-known consumer product brands. All brands responded to a survey concerning their current plastic use, as well as their needs, expectations and challenges regarding using more recycled material, to enable the shift to a circular economy for plastics.

Ten of the brands then participated in in-depth interviews on the same topics:, Essity, H&M, IKEA, Inditex , Lego, Mars,  SC Johnson, Tarkett, Unilever and Walgreens Boots Alliance.

Is non-mechanical recycling the answer?
Only about ten percent of all discarded plastics is recycled today, which is of course not nearly enough to achieve a circular plastics economy. Despite ambitions and initiatives to reduce plastics use – replacing the materials with other, more sustainable ones – the “plastic tap” is not expected to be turned off anytime soon. Quite the opposite, which makes raising the recycling rates more important than ever.

Although commercially viable, traditional (mechanical) recycling is afflicted with severe flaws, such as legacy chemicals, quality and functionality issues, as well as the lack of clean and sorted waste streams. The brands cited quality and functionality issues as the main obstacles for using more recycled material in their products.

This opens up for non-mechanical recycling, sometimes referred to as chemical recycling, where the plastic is either dissolved or broken down into smaller building blocks. Harmful additives and other hazardous chemicals can be removed in the process, and a material comparable to virgin plastic can be achieved – at least in theory.

So far, however, non-mechanical recycling technologies are costly, energy-intensive, and often require the addition of a great deal of virgin plastic to work – the very material that needs to be phased out.

The chain of custody models needs to be detangled
Apart from these production issues, there is a wide range of chain of custody models surrounding non-mechanical recycling, including mass balance and book & claim, which enable trade of credits or certificates for recycled material.

This cuts the physical connection between input and output, making it possible for a supplier to sell a material as “100% recycled”, when the actual recycled content could be zero.

This is a major issue for the brands ChemSec has spoken to, who value honest and correct communication towards customers. It turns out, perhaps somewhat surprisingly, that being able to slap a “made from 100% recycled plastic” label on a product is not all that important to brands.

To the brands, a physical connection between input (the discarded plastic waste headed for recycling) and output (the product at least partially made from recycled plastics) is far more important.

A physical connection, along with correct and adequate information from suppliers, as well as clearer standards and guidelines than what is available today, is what brands require to increase the use of recycled material and move us closer to a circular economy for plastics.

More information:
ChemSec plastics Recycling
Source:

ChemSec

22.04.2022

Haelixa marks and traces sustainable cotton from Costach and Creditex in Peru

Under the United Nations Economic Commission for Europe (UNECE) initiative to enhance transparency and traceability in the garment and footwear industry, Haelixa realizes a pilot project with Costach Cooperative and Peruvian textile company Creditex to give sustainable rural cotton producers in Peru more visibility in the value chain.

Under the United Nations Economic Commission for Europe (UNECE) initiative to enhance transparency and traceability in the garment and footwear industry, Haelixa realizes a pilot project with Costach Cooperative and Peruvian textile company Creditex to give sustainable rural cotton producers in Peru more visibility in the value chain.

In 2019, UNECE and United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) have set up an initiative to drive transparency and traceability for sustainable value chains in the garment and footwear industry. The initiative is jointly implemented with the International Trade Centre (ITC) with financial support by the European Union. Haelixa is proud to be part of the group of experts that develops policy recommendations, traceability standards, and conducts projects to set traceability benchmarks. With the support of the +Cotton Project, implemented by the Food and Agriculture Organization of the United Nations (FAO) and the Brazilian Cooperation Agency (ABC) a pilot is being realized in this context to mark and trace the finest Pima cotton for Creditex directly at the gin in Piura, Peru. Haelixa’s DNA marker connects the actual lint cotton to the entry on a blockchain system provided by UNECE. The Haelixa technology ensures that the information about the product’s origin and the journey of the product along the value chain is always safely embedded into the product itself. The marked cotton will be used to make exclusive pajamas sets for Cat´s Pajamas. DNA traceability will enable the verification of the premium origin of Peruvian Pima cotton in the final garment produced using sustainable practices by family farmers associated with the Costach cooperative.

Costach is the main cooperative of cotton farmers in Peru. The cooperative consists of 5,200 family farmers in the Piura region, producing mostly extra-long fiber of Pima Cotton. Since 2017, the +Cotton project has been supporting the farmers with training on sustainable practices and has been providing technical assistance for improved markets access.

Creditex is vertically integrated from cotton ginning to fine thread, up to the production of high quality apparel for international premium brands. The company takes social responsibility and environmental stewardship very seriously and therefore makes a strong partner for this project, empowering the cotton family farmers that hold the majority of cotton production in Peru.

Source:

Haelixa Ltd