Proparco has granted a €70 million senior loan to RE&UP Recycling Technologies, a circular-tech textile recycling venture of SANKO Group, to expand its textile recycling capabilities and reduce its environmental footprint. This funding will help RE&UP scale its next-gen recycled fiber
Canada is ramping up its initiatives to tackle plastic waste and pollution in the textile and apparel industry. Textiles are the fifth-largest category of plastic waste in Canadian landfills, prompting the government to prioritize keeping these materials in the economy and out of the environment. On July 4, Steven Guilbeault, Minister of Environment and Climate […]
Highlights of the industry recommendations: Removal of import duty from all varieties of cotton Increase the BCD on MMF yarn from the present 5% to 10%. Exempt varieties of textile raw material (fibre and yarn) which are not available domestically from the scope of Quality Control Orders (QCOs) Statutory/regulatory measures to curb cheap imports of […]
By leveraging the efforts of Circular Economy Catalysts, the textile industry can significantly reduce its environmental impact and contribute to a more sustainable future, write Dr P Alli Rani, Director and Dr TKS Lakshmi Priya, Adjunct Faculty at Sardar Vallabhbhai Patel International School of Textiles & Management, Coimbatore The circular economy is a
In a landmark presentation at the Extended Producer Responsibility (EPR) Forum, Valérie Boiten of the Ellen MacArthur Foundation outlined the crucial role of EPR in transitioning to a circular economy for textiles. Boiten emphasized the urgent need for a systemic shift in textile management, highlighting that approximately 12 million tonnes of textiles are introduced to
Infinited Fiber Company concludes a €40 million development financing round, drawing significant investments from newcomers Inditex, TTY Management, Youngone, and Goldwin, alongside existing backers. New investors include Inditex Group, TTY Management B.V., Youngone (YOH CVC Fund 1 Limited Partnership), and Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership),

















