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(c) Manufy
25.02.2022

Sustainable fashion platform Manufy reaches first 1000 production requests

Manufy, a marketplace for sustainable fashion production has reached its thousandth production request. The platform connects conscious brands with sustainable manufacturers in hopes to create a cleaner future for the clothing industry.

The right conditions
The start-up, which launched in december of 2020, has seen a sharp increase in production requests the last couple of months. With trade shows being cancelled due to covid, lots of manufacturers and brands are looking for new ways to do business. Going digital was one of the logical steps. “We’ve seen many users that were used to more traditional ways of working join Manufy,” says co-founder Michiel Dicker. “Some of them didn’t have a website, so our platform helps them become visible online.”

An increase was also noticed on the brand side of Manufy. With most new brands being digital natives that have a strong focus on sustainability, the platform helps them to get started.

Manufy, a marketplace for sustainable fashion production has reached its thousandth production request. The platform connects conscious brands with sustainable manufacturers in hopes to create a cleaner future for the clothing industry.

The right conditions
The start-up, which launched in december of 2020, has seen a sharp increase in production requests the last couple of months. With trade shows being cancelled due to covid, lots of manufacturers and brands are looking for new ways to do business. Going digital was one of the logical steps. “We’ve seen many users that were used to more traditional ways of working join Manufy,” says co-founder Michiel Dicker. “Some of them didn’t have a website, so our platform helps them become visible online.”

An increase was also noticed on the brand side of Manufy. With most new brands being digital natives that have a strong focus on sustainability, the platform helps them to get started.

One-stop-shop
The production requests being placed on the platform cover a wide range of garments. Hoodies and t-shirts are popular, but the Manufy team also sees lots of shoes, caps, bags, dresses, swimwear and lingerie requests coming in. “This sometimes leads us to having to find manufacturers specifically for the job, but it helps us to create a better user experience!” explains Dicker.

Manufy uses feedback from its users to keep improving the platform. Aside from finding new manufacturers to fill production requests the team has been working on a lot of new functionalities based on input from users. A new version of the platform will be released very soon. “With Manufy 2.0 it will become easier to organise your projects, place re-orders and have all your production details in one place. Manufy will be your one-stop-shop for all your sourcing needs!” says Dicker.

More information:
Manufy Sustainability digital
Source:

Manufy

(c) Kornit Digital
25.02.2022

Kornit Digital unveils Ink Manufacturing Site in Israel

Kornit Digital Ltd. announced on 26th January the official opening of its new scalable, state-of-the-art ink manufacturing facility in Kiryat Gat, Israel.  

The modern, 11,000-square-meter facility incorporates advanced automation, sophisticated workflows, and innovative technologies for production optimization. The new high-volume production facility is expected to fulfill global demand for Kornit consumables for the next decade.

Recently completed at an estimated investment of $25 million USD, the facility was built in accordance with the highest quality, safety, and security standards, reflecting the Company’s commitment to environmental, social, and governance (ESG) targets embedded in Kornit Digital’s 2020 Impact Report.

“This is a key milestone in our journey to become a $1 billion company by 2026 and will ensure we can support the tremendous growth our customers are experiencing, for many years to come,” said Ronen Samuel, Kornit Digital’s Chief Executive Officer. “We are proud to lead the charge for a cleaner and more responsive textile industry as we continue to write the operating system for sustainable fashion and textiles on demand.”

Kornit Digital Ltd. announced on 26th January the official opening of its new scalable, state-of-the-art ink manufacturing facility in Kiryat Gat, Israel.  

The modern, 11,000-square-meter facility incorporates advanced automation, sophisticated workflows, and innovative technologies for production optimization. The new high-volume production facility is expected to fulfill global demand for Kornit consumables for the next decade.

Recently completed at an estimated investment of $25 million USD, the facility was built in accordance with the highest quality, safety, and security standards, reflecting the Company’s commitment to environmental, social, and governance (ESG) targets embedded in Kornit Digital’s 2020 Impact Report.

“This is a key milestone in our journey to become a $1 billion company by 2026 and will ensure we can support the tremendous growth our customers are experiencing, for many years to come,” said Ronen Samuel, Kornit Digital’s Chief Executive Officer. “We are proud to lead the charge for a cleaner and more responsive textile industry as we continue to write the operating system for sustainable fashion and textiles on demand.”

Source:

Kornit Digital / pr4u

07.02.2022

Bemberg™ by Asahi Kasei is back at Première Vision

Bemberg™ is back at Première Vision to celebrate its 90th anniversary through its latest collections, premium partnerships with contemporary brands such as ECOALF and a brand new visual identity. The industry-leading textile fair will represent another pivotal occasion for Bemberg™ to showcase its latest claim “Crafted Elegance”, which perfectly embodies its values of preciousness, quality and refined aesthetic blended with innovation and responsible values.

Born in 2009, both the name and concept of ECOALF came after the birth of Javier Goyenche’s - founder and president - two sons: Alfredo and Alvaro. He wanted to create a truly sustainable fashion brand and believed the most sustainable action to take was to stop using natural resources in a careless way to ensure them to the next generation. Since then, Ecoalf’s mission has been to make a new generation of recycled products with the same quality and design as the best non-recycled.

Based on this design idea, the Mery dress and Patrica pants are part of Ecoalf’s FW21 collection and both made with 100% Bemberg ™ Cupro by Asahi Kasei.

Bemberg™ is back at Première Vision to celebrate its 90th anniversary through its latest collections, premium partnerships with contemporary brands such as ECOALF and a brand new visual identity. The industry-leading textile fair will represent another pivotal occasion for Bemberg™ to showcase its latest claim “Crafted Elegance”, which perfectly embodies its values of preciousness, quality and refined aesthetic blended with innovation and responsible values.

Born in 2009, both the name and concept of ECOALF came after the birth of Javier Goyenche’s - founder and president - two sons: Alfredo and Alvaro. He wanted to create a truly sustainable fashion brand and believed the most sustainable action to take was to stop using natural resources in a careless way to ensure them to the next generation. Since then, Ecoalf’s mission has been to make a new generation of recycled products with the same quality and design as the best non-recycled.

Based on this design idea, the Mery dress and Patrica pants are part of Ecoalf’s FW21 collection and both made with 100% Bemberg ™ Cupro by Asahi Kasei.

The Parisian exhibition completes the company’s celebrative two-chapter journey. The first half was presented during Pitti Uomo, where Bemberg™ showed archival suits crafted by the historic Sartoria Litrico and lined in Cupro. Behind them stood the new visual image of Bemberg™, focused on exceptional beauty, one-of-a-kind uniqueness and joyful comfort.

Source:

Bemberg™ by Asahi Kasei / C.L.A.S.S.

03.02.2022

Lenzing’s new prize for research projects on ethical and sustainable fashion

The Lenzing Group will present the Young Scientist Award for outstanding research in the field of fibers and textiles for the first time in 2022. The Dornbirn Global Fiber Congress (GFC Dornbirn) is an ideal platform for the recently launched research competition. Bachelor’s and master’s degree students will have the opportunity to submit their scientific work in the categories of fashion and the circular economy, textile recycling and the innovative use of biobased fibers to a jury of well-known industry experts.

The jury consists of Karla Magruder (Founder of Acceleration Circularity), Friedericke von Wedel-Parlow (Beneficial Design Institute Berlin) and Dieter Eichinger (Head of Standardization and Innovation, Secretary-General of BISFA). The winning project will receive a prize of EUR 5,000. The aim is to promote the students’ work and create a platform for networking with the textile and fiber industry.

The Lenzing Group will present the Young Scientist Award for outstanding research in the field of fibers and textiles for the first time in 2022. The Dornbirn Global Fiber Congress (GFC Dornbirn) is an ideal platform for the recently launched research competition. Bachelor’s and master’s degree students will have the opportunity to submit their scientific work in the categories of fashion and the circular economy, textile recycling and the innovative use of biobased fibers to a jury of well-known industry experts.

The jury consists of Karla Magruder (Founder of Acceleration Circularity), Friedericke von Wedel-Parlow (Beneficial Design Institute Berlin) and Dieter Eichinger (Head of Standardization and Innovation, Secretary-General of BISFA). The winning project will receive a prize of EUR 5,000. The aim is to promote the students’ work and create a platform for networking with the textile and fiber industry.

The Austrian Fibers Institute is the organizer of the 61st Dornbirn Global Fiber Congress on a not-for-profit basis. The event, due to take place from September 14 to 16, 2022, will offer an ideal setting for the presentation of the Young Scientist Award prize.

You can read more about the Young Scientist Award and the submission in the attached document.

Iluna Group and Maglificio Ripa announce Partnership (c) Iluna Group / Maglificio Ripa
17.12.2021

Iluna Group and Maglificio Ripa announce Partnership

Iluna Group and Maglificio Ripa announce a strategic collaboration, each maintaining its own identity and independence, based on the complementarity of the proposal and the convergence of intentions for a new and more functional way of partnership.

Iluna Group, a leader in the production of smart lace, and Maglificio Ripa, internationally recognized for the production of premium and responsible jersey, both established in common sectors - from underwear to beachwear and sportswear - formally launched this collaboration during the MarediModa show in Cannes with a joint double stand where visitors could discover the latest collections of the two companies and also imagine new designs and solutions for sustainable fashion.

Iluna Group and Maglificio Ripa announce a strategic collaboration, each maintaining its own identity and independence, based on the complementarity of the proposal and the convergence of intentions for a new and more functional way of partnership.

Iluna Group, a leader in the production of smart lace, and Maglificio Ripa, internationally recognized for the production of premium and responsible jersey, both established in common sectors - from underwear to beachwear and sportswear - formally launched this collaboration during the MarediModa show in Cannes with a joint double stand where visitors could discover the latest collections of the two companies and also imagine new designs and solutions for sustainable fashion.

"We are living in a moment of strong change, from the wave of sustainability that is finally sweeping the fashion world to new market scenarios. And we are convinced that collaboration is the key to face these new challenges. In Maglificio Ripa we saw a complementary and unique partner with whom we can reach partners, customers and suppliers in a more complete way." comments Furio Annovazzi, CEO of Iluna Group. "Ours is not a union between companies but a new model of partnership, a sort of strategic symbiosis aimed at developing together new paths that can lead the both of us both to growth. Our collections, presented in the same context, can nurture the creativity of customers at a time when the stylistic contaminations are increasingly pronounced," adds Luca Bianco, CEO of Maglificio Ripa.
 
Furthermore, Iluna Group and Maglificio Ripa jointly created their new campaign with a photo shoot and video clip as well as jointly developed a trend scenario that allowed both companies to better embrace the evolving market by sharing information, perspectives and ideas.

Source:

GB Network

Iluna Group and Maglificio Ripa present their new collections and an innovative, strategic symbiosis for sustainable fashion © Iluna Group
SS 2023 campaign by Iluna Group and Maglificio Ripa
10.11.2021

SS 2023 campaign by Iluna Group and Maglificio Ripa

  • Iluna Group and Maglificio Ripa present their new collections and an innovative, strategic symbiosis for sustainable fashion
  • 9-11 November - Palais de Festivals, Boulevard de la Croisette, Cannes, France, Booth 28-29

Values, strategies, an imprinting for innovation and a well-defined vision and expertise in sustainable fashion. This mix is  the  wide  and  solid  common  denominator  giving  birth  to  the  collaboration  between  Iluna  Group,  leader  in  the production of smart lace, and Maglificio Ripa, internationally recognized for the production of premium and responsible jersey.

Two mature companies projected towards new formats of proactive collaboration, both established in common industries  - from underwear to beachwear  and  sportswear  -  that  have  chosen  to  create  a  symbiosis  of intents and strategies, each maintaining its own identity and independence.

  • Iluna Group and Maglificio Ripa present their new collections and an innovative, strategic symbiosis for sustainable fashion
  • 9-11 November - Palais de Festivals, Boulevard de la Croisette, Cannes, France, Booth 28-29

Values, strategies, an imprinting for innovation and a well-defined vision and expertise in sustainable fashion. This mix is  the  wide  and  solid  common  denominator  giving  birth  to  the  collaboration  between  Iluna  Group,  leader  in  the production of smart lace, and Maglificio Ripa, internationally recognized for the production of premium and responsible jersey.

Two mature companies projected towards new formats of proactive collaboration, both established in common industries  - from underwear to beachwear  and  sportswear  -  that  have  chosen  to  create  a  symbiosis  of intents and strategies, each maintaining its own identity and independence.

"We are living in a moment of strong change, from the wave of sustainability  that  is  finally  sweeping  the  fashion  world  to  new  market scenarios. And we are convinced that collaboration is the key to facing these new  challenges.  In  Maglificio  Ripa  we  saw  a  complementary  and  unique partner with whom we can reach customers, suppliers and other partners in a  more  complete  way."  comments  Furio  Annovazzi,  CEO  of  Iluna  Group. "Ours is not a union between companies, but a new model of partnership, a sort of strategic symbiosis aimed at developing together new paths that can make the both of us grow, while offering a more complete proposal to the market." adds Luca Bianco, CEO of Maglificio Ripa.

One of the first examples of this new format is the joint stand at MarediModa, a single space where visitors can discover the latest  collections  of  the  two  companies,  and  imagine  new  designs  and solutions for sustainable fashion.

Iluna Group and Maglificio Ripa also created the new campaign and photo shoot together, as well as developed a trend scenario that allowed both companies to better embrace the evolving market by sharing information, perspectives and ideas.

Intertextile Shanghai Home Textiles provided vital business platform (c) Messe Frankfurt (HK) Co Ltd
25.10.2021

Intertextile Shanghai Home Textiles provided vital business platform

Intertextile Shanghai Home Textiles concluded its 27th autumn edition in early October. Held alongside four other concurrent textile shows, the fair was the only major event for this sector able to take place in China during this season, providing a much-needed business platform for 735 exhibitors and 20,106 trade buyers. The fair was held at the National Exhibition and Convention Center (Shanghai).

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd expressed: “Due to the valuable cooperation of many parties and the continued support of our exhibitors and other partners, we were able to hold the fair as scheduled despite a number of challenges. Since the pandemic situation was brought under control in China last year, we have expended considerable resources to ensure our textile fairs still take place to provide trading platforms that connect the global industry. This edition was especially important as it was the only major fair to take place in the country at this time.”

Intertextile Shanghai Home Textiles concluded its 27th autumn edition in early October. Held alongside four other concurrent textile shows, the fair was the only major event for this sector able to take place in China during this season, providing a much-needed business platform for 735 exhibitors and 20,106 trade buyers. The fair was held at the National Exhibition and Convention Center (Shanghai).

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd expressed: “Due to the valuable cooperation of many parties and the continued support of our exhibitors and other partners, we were able to hold the fair as scheduled despite a number of challenges. Since the pandemic situation was brought under control in China last year, we have expended considerable resources to ensure our textile fairs still take place to provide trading platforms that connect the global industry. This edition was especially important as it was the only major fair to take place in the country at this time.”

While a number of international exhibitors participated this year with individual booths, the Belgium Pavilion presented home and contract products and five Chinese regional pavilions from Hangzhou, Shaoxing, Huzhou, Haining, and Tongxiang also featured. Two trend forums also provided inspiration for 2022, while the IKASAS Japanese Home Design Gallery, New Voices of Top Youth Upholstery Designers City Roving Exhibition and China International Fiber Art Exhibition gave further insights into various aspects of the industry.

Fair’s fringe programme highlights sustainability, design and more
As with all of Messe Frankfurt’s textile fairs around the world, sustainability is a big focus. A number of events under this focus took place in the fair’s fringe programme, including a half day forum titled How Sustainable Fashion is Reshaping Lifestyles, with a range of innovative companies and prestigious universities participating as speakers.

The Design Talk session featured a series of presentations from leading international designers, including from China, Japan and Europe, to share their design insights. And a new concept this year, titled New Voices of Top Youth Upholstery Designers – Intertextile Upholstery Design and City Roving Exhibition, showcased the work of six groups of young local designers from across China who presented the interior design ideas of their generation through displays and a forum. And reflecting the changes that continue to accelerate in the industry, a number of e-commerce and cross-border trade events took place, including sessions from the likes of JD Home, AliExpress and Tmall.

The 2022 Intertextile Shanghai Home Textiles – Spring Edition will take place from 9 – 11 March, while the Autumn Edition is scheduled for 23 – 25 August 2022.

GoCustom Clothing Adopts Kornit Avalanche HD6 (c) Kornit Digital / GoCustom Clothing
07.10.2021

GoCustom Clothing Adopts Kornit Avalanche HD6

Kornit Digital announced that United Kingdom-based GoCustom Clothing has installed the Kornit Avalanche HD6 system for on-demand, direct-to-garment (DTG) digtal production. This installment coincides with GoCustom Clothing’s implementation of the KornitX platform, which provides a streamlined end-to-end workflow between the brand’s online customer stores and their production floor.

GoCustom Clothing offers print and embroidery services, and began by providing workwear for local businesses before branching out to school hoodies and uniforms. As their e-commerce business grew and orders became more diverse, GoCustom Clothing determined it was best to add digital DTG production capabilities, which could accommodate both orders of 1,000-plus pieces and single pieces. GoCustom originally invested in a Kornit Storm system for on-demand production, before upgrading to a Kornit Avalanche HD6 for increased capacity.

Kornit Digital announced that United Kingdom-based GoCustom Clothing has installed the Kornit Avalanche HD6 system for on-demand, direct-to-garment (DTG) digtal production. This installment coincides with GoCustom Clothing’s implementation of the KornitX platform, which provides a streamlined end-to-end workflow between the brand’s online customer stores and their production floor.

GoCustom Clothing offers print and embroidery services, and began by providing workwear for local businesses before branching out to school hoodies and uniforms. As their e-commerce business grew and orders became more diverse, GoCustom Clothing determined it was best to add digital DTG production capabilities, which could accommodate both orders of 1,000-plus pieces and single pieces. GoCustom originally invested in a Kornit Storm system for on-demand production, before upgrading to a Kornit Avalanche HD6 for increased capacity.

Kornit Avalanche HD6 can digitally produce numerous apparel types without considerable setup time.  Pallets can be changed quickly to handle different sizes and applications, versus the costly and time-consuming processes associated with screen printing operations. Furthermore, digitizing operations with KornitX,  Kornit’s operating system for on-demand sustainable fashion, means increased control and management of the end-to-end fulfillment process, from front-end steps including design, order management, and virtual catalog to smart routing of orders, production, packaging, and shipping.

Source:

Kornit Digital / pr4u

CHIC Shanghai starts on October 9, 2021 with around 500 brands (c) Chic Shanghai / JANDALI MODE.MEDIEN.MESSEN
28.09.2021

CHIC Shanghai starts on October 9, 2021 with around 500 brands

From the 09-11th of October, CHIC will take place with around 500 fashion and lifestyle brands on 53,000 sqm in the National Exhibition & Convention Center in Shanghai and offers a perfect overview of the fashion innovations in all fashion areas of the next season.

Chinese consumers place increasing value on sustainable products, the topic of "sustainability" is present in all areas of CHIC, in cooperation with WGSN the latest trends in sustainable fashion S / S 22 are shown. Together with China Fashion and WWD, companies that produce particularly sustainably are honored as part of the "Pursuer of excellence in sustainability" event.

The organizers put a special focus on the expansion of digital tools for the trade fair participants, which were used in the run-up to the trade fair for intensive visitor marketing and at the trade fair to optimally network supply and demand, WeChat plays a central role here. The CHIC WeChat mini program has been expanded and integrates the CHIC e-catalog, tailored to the needs of exhibitors and visitors.

From the 09-11th of October, CHIC will take place with around 500 fashion and lifestyle brands on 53,000 sqm in the National Exhibition & Convention Center in Shanghai and offers a perfect overview of the fashion innovations in all fashion areas of the next season.

Chinese consumers place increasing value on sustainable products, the topic of "sustainability" is present in all areas of CHIC, in cooperation with WGSN the latest trends in sustainable fashion S / S 22 are shown. Together with China Fashion and WWD, companies that produce particularly sustainably are honored as part of the "Pursuer of excellence in sustainability" event.

The organizers put a special focus on the expansion of digital tools for the trade fair participants, which were used in the run-up to the trade fair for intensive visitor marketing and at the trade fair to optimally network supply and demand, WeChat plays a central role here. The CHIC WeChat mini program has been expanded and integrates the CHIC e-catalog, tailored to the needs of exhibitors and visitors.

The next editions of CHIC will take place from 3-5th of November 2021 in Shenzhen and from 9-11th of March 2022 in Shanghai.

Source:

JANDALI MODE.MEDIEN.MESSEN

LOVE HERO uses Kornit Digital for sustainable Fashion (c) Kornit Digital Europe GmbH / LOVE HERO
17.09.2021

LOVE HERO uses Kornit Digital for sustainable Fashion

Kornit Digital announced that the London-based LOVE HERO fashion label uses Kornit’s sustainable, digitized, on-demand production capabilities to deliver its complete line of nature-themed apparel.

All fabrics are traceable and certified via their blockchain platform, Retraced, to minimize their eco footprint. Cut-and-sew operations take place in Portugal.

LOVE HERO is currently engaged with Kornit on the mechanics of imprinting silk, biodegradable nylon, and other diverse materials. One such application involves two-sided fabrics—nylon on top, with cotton on the reverse.

“Kornit is committed to becoming the operating system for sustainable fashion fulfillment, on demand,” says Chris Govier, KDEU Managing Director. “With visionary creators like Joshua and LOVE HERO ready to test the bounds of our design and color capabilities, and our growing network of digitized producers ready to make those visions tangible with speed, economy, and quality from all corners of the globe, we’re changing the public percetion of what digital can do—meeting the global sustainability imperative, without demanding compromise from any actor in that value chain.”

Kornit Digital announced that the London-based LOVE HERO fashion label uses Kornit’s sustainable, digitized, on-demand production capabilities to deliver its complete line of nature-themed apparel.

All fabrics are traceable and certified via their blockchain platform, Retraced, to minimize their eco footprint. Cut-and-sew operations take place in Portugal.

LOVE HERO is currently engaged with Kornit on the mechanics of imprinting silk, biodegradable nylon, and other diverse materials. One such application involves two-sided fabrics—nylon on top, with cotton on the reverse.

“Kornit is committed to becoming the operating system for sustainable fashion fulfillment, on demand,” says Chris Govier, KDEU Managing Director. “With visionary creators like Joshua and LOVE HERO ready to test the bounds of our design and color capabilities, and our growing network of digitized producers ready to make those visions tangible with speed, economy, and quality from all corners of the globe, we’re changing the public percetion of what digital can do—meeting the global sustainability imperative, without demanding compromise from any actor in that value chain.”

Source:

Kornit Digital Europe GmbH / pr4u

21.07.2021

Kornit Digital Partners with design platform Canva

Kornit Digital announced a new partnership with online visual communications and design platform Canva.

As part of the partnership, KornitX, an operating system for on-demand sustainable fashion, will become one of Canva’s first certified integration partners, empowering Canva to help leading Print Service Providers (PSPs), brands, and organizations easily add the Canva design tool to their e-commerce websites, making it easier to create personalized products from design, to order, to product fulfillment, in minutes. KornitX will also manage and route all orders through Kornit’s extensive global fulfillment network. Canva’s online visual communications platform currently serves more than 55 million private and enterprise users globally.

Kornit Digital announced a new partnership with online visual communications and design platform Canva.

As part of the partnership, KornitX, an operating system for on-demand sustainable fashion, will become one of Canva’s first certified integration partners, empowering Canva to help leading Print Service Providers (PSPs), brands, and organizations easily add the Canva design tool to their e-commerce websites, making it easier to create personalized products from design, to order, to product fulfillment, in minutes. KornitX will also manage and route all orders through Kornit’s extensive global fulfillment network. Canva’s online visual communications platform currently serves more than 55 million private and enterprise users globally.

Source:

Kornit Digital / pr4u

05.07.2021

Infinited Fiber Company raises EUR 30 million from new Investors

Circular fashion and textile technology group Infinited Fiber Company has secured investments totaling 30 million euros in its latest financing round completed on June 30. The round also brought Infinited Fiber Company new investors, including sportswear company adidas, Invest FWD A/S, which is BESTSELLER’s investment arm for sustainable fashion, and investment company Security Trading Oy. Among the existing investors contributing to this round of financing were fashion retailer H&M Group, who was the lead investor, investment company Nidoco AB, and Sateri, the world’s largest viscose producer and a member of the RGE group of companies.

Circular fashion and textile technology group Infinited Fiber Company has secured investments totaling 30 million euros in its latest financing round completed on June 30. The round also brought Infinited Fiber Company new investors, including sportswear company adidas, Invest FWD A/S, which is BESTSELLER’s investment arm for sustainable fashion, and investment company Security Trading Oy. Among the existing investors contributing to this round of financing were fashion retailer H&M Group, who was the lead investor, investment company Nidoco AB, and Sateri, the world’s largest viscose producer and a member of the RGE group of companies.

This securement of new funding follows Infinited Fiber Company’s April announcement of plans to build a flagship factory in Finland in response to the strong growth in demand from global fashion and textile brands for its regenerated textile fiber Infinna™. The factory, which will use household textile waste as raw material, is expected to be operational in 2024 and to have an annual production capacity of 30,000 metric tons. The new funding enables Infinited Fiber Company to carry out the work needed to prepare for the flagship factory investment and to increase production at its pilot facilities in the years leading to 2024.

“We are really happy to welcome our new investors and grateful for the continued support from our older investors,” said Infinited Fiber Company co-founder and CEO Petri Alava. “These new investments enable us to proceed at full speed with the pre-engineering, environmental permits, and the recruitment of the skilled professionals needed to take our flagship project forward. We can now also boost production at our pilot facilities so that we can better serve our existing customers and grow our customer-base in preparation for both our flagship factory and for the future licensees of our technology.”

H&M Group is one of Infinited Fiber Company’s earliest investors. They first invested in Infinited Fiber Company in 2019.

H&M Group has also signed a multiyear sales deal with Infinited Fiber Company to secure its access to agreed amounts of Infinna from the planned flagship factory.

New investor BESTSELLER has struck a similar sales deal with Infinited Fiber Company.

In addition to strong interest by global fashion leaders, the technology has significant promise for major textile fiber producers. Allen Zhang, President of Sateri, said: “Sateri is excited to continue to invest in and collaborate with Infinited Fiber Company as part of our long-term commitment towards closed-loop, circular and climate-positive cellulosic fibers. This financing round marks a major milestone for our collaboration in scaling up next-generation fiber solutions.”

Infinited Fiber Company’s flagship plant preparations are also proceeding on other fronts. Several Nordic and international investment banks have given Infinited Fiber Company proposals on the financing options for the investment.

Infinited Fiber Company’s technology turns cellulose-based raw materials, like cotton-rich textile waste, into Infinna, a unique, premium-quality regenerated textile fiber with the natural, soft look and feel of cotton. Infinna is biodegradable and contains no microplastics, and at the end of their life, garments made with it can be recycled in the same process together with other textile waste.

Source:

Infinited Fiber Company