#Recycling / Circular Economy

2021-07-08

H&M Group leads new investment round in Infinited Fiber Company

Infinited Fiber Company raises EUR 30 Million to fuel a circular fashion industry. H&M Group has also signed a multiyear sales deal to secure access to agreed amounts of its regenerated textile fiber Infinna™.

Existing investors, as well as new ones including Adidas and Bestseller, have joined H&M Group in backing the fast-growing fashion and textile technology company as it seeks to close the loop in fashion and make circularity an everyday reality.

Their pioneering technology used to turn waste into a new premium textile fiber, not only helps H&M Group in achieving its own sustainability goals, but also has the potential to have an impact that spans the entire textile industry.

This round of investment follows Infinited Fiber Company’s April announcement of plans to build a flagship factory in Finland in response to the strong growth in demand for its regenerated textile fiber Infinna™. This injection of capital enables them 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 up to 2024.

“We’re thrilled to continue our journey with Infinited Fiber Company. To be joined by other global brands clearly speaks to the shared belief in the scalability of their technology as well as the team behind it. More importantly, it also shows the huge potential that their regenerated textile fiber has in driving the industry towards a more sustainable fashion future.”

Nanna Andersen, Head of H&M CO:LAB, H&M Group

“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 also grow our customer-base in preparation for both our flagship factory and for the future licensees of our technology”.

Petri Alava, co-founder and CEO, Infinited Fiber Company

Having initially invested in them in 2019, and now involved in multiple initiatives together, this follow-up investment further builds on the exciting partnership between H&M Group and Infinited Fiber Company.

textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

How innovations drive BASF’s success

“Innovation has always been part of BASF’s DNA. Especially in these volatile times, it is crucial to leverage our innovative strength to develop competitive solutions that differentiate us as a company in our markets and give us a competitive edge,” said Dr. Stephan Kothrade, Member of the Board of Executive Directors of BASF and Chief Technology Officer, at the company’s Research Press Briefing held today. To achieve this, BASF implemented its “Winning Ways” strategy about a year ago with the clear goal of becoming the preferred chemical company to enable its customers’ green transformation.

Suzhou Tianyuan boosts costing accuracy to 98% with Coats Digital’s GSDCost

Coats Digital is delighted to announce that Suzhou Tianyuan Garments Co., Ltd., a leading manufacturer of high-quality sportswear and functional apparel for global brands such as Adidas, FILA, ANTA, and The North Face, has achieved remarkable productivity and cost management improvements following the implementation of Coats Digital’s award-winning method-time-cost optimisation solution, GSDCost.

Global vision in medical textiles meets at HIGHTEX 2026

Developments in the medical textile sector are already making HIGHTEX 2026 one of the most remarkable international meeting points in the region. A wide technological spectrum—from nonwoven technologies to meltblown lines, from spunbond production systems to advanced composite healthcare textiles—will come together at HIGHTEX 2026.

EDANA wraps up its Sustainability & Policy Forum 2025: Uniting the industry and EU policymakers to navigate the future of nonwovens

Against a backdrop of rapidly evolving environmental legislation, the EDANA Sustainability & Policy Forum 2025 concluded the past week in Brussels, marking a step forward in the dialogue between the nonwovens industry and European policymakers. Held from 9-10 December at the historic Residence Palace, the two-day event successfully brought together business leaders, sustainability experts, and EU officials to address the dual challenges of circularity and industrial competitiveness.