Fibre

Textile To Textile Recycler Renewcell To File For Bankruptcy

Textile Insights February 26, 2024

In a shocking development, textile to textile recycler Renewcell said it intends to file for bankruptcy, after failing to secure additional funding and consecutive quarters of slow sales. The Swedish company is a pioneer in textile to textile recycling and manufactures Circulose textile pulp.

Fibre

Recycled Cellulose Pulp Maker Renewcell Adds 25 More Members

Textile Insights February 22, 2024

Swedish textile-to-textile recycler Renewcell has added 35 new members to the Circulose Supplier Network (CSN), which now totals 151 spinners, weavers, textile mills, garment manufacturers, and more. The 35 new additions consist of 10 suppliers with vertical operations, 16 yarn spinners, 4 garment manufacturers as well as denim and home textile mills. “Launched in July

Fabric

Cone To Show Denim Fabrics Made From Circulose At Kingpins

Textile Insights January 20, 2024

Cone Denim will showcase its first denim fabrics collections made with regenerated cellulose fibres at Kingpins New York which will be held January 24-25 in New York. “The pilot launch of these new styles underscores Cone Denim’s ongoing commitment to driving change toward a sustainable future in denim manufacturing,” the denim manufacturer said in a […]

Corporates

Renewcell Secures SEK 100 Million In Short-Term Financing

Textile Insights December 24, 2023

Renewcell AB has successfully addressed its short-term liquidity needs through strategic financial arrangements. The company secured two short-term loans totaling SEK 100 million from major shareholders, H&M Fashion AB and Girincubator AB, as well as existing lenders BNP Paribas, European Investment Bank (EIB), Nordea Bank Abp, and AB Svensk Exportkredit. Of the total

Corporates

Peter Schulz To Join As Interim CFO At Renewcell

Textile Insights December 16, 2023

Peter Schulz will join Renewcell in the role of interim Chief Financial Officer (CFO) from 1 January 2024. He comes from a role as CFO at Pacific Basin Shipping (publ.) in Hong Kong, a position he has held for the past six years. Peter Schulz has extensive experience as CFO from both listed and private […]

Fibre

Recycled Cellulose Fibre Maker Renewcell Reduces Production

Textile Insights December 7, 2023

Renewcell, which recycles cellulosic textile waste in to fibres, is cutting down production in December as sales were nil in November The Swedish recycler said that it produced only 1,339 metric tons of Circulose brand during November as against manufacturing capacity of 1,420 tons, but there were no deliveries. In order to not negatively affect […]

Sustainability

Zara Owner Inditex Sourcing 2,000 Tons Of Renewable Fibre

Textile Insights November 7, 2023

Inditex owner of various brands like Zara and Pull&Bear is set to integrate the innovative pulp – Circulose, made by Swedish company Renewcell from textile waste, into its apparel collections. Under an agreement with the fibre producer Tangshan Sanyou, which carries out the industrial process of transforming the pulp into textile fibre, Inditex´s suppliers will

Corporates

Magnus Håkansson Appointed Acting CEO of Renewcell

Textile Insights October 22, 2023

Renewcell’s board has named Magnus Håkansson as the new acting CEO. Håkansson, known for his substantial experience in retail and fashion leadership roles, succeeds Patrik Lundström, who held the CEO position since 2019. “The board has decided that new leadership is necessary due to slower-than-expected growth in the value chain and sales. We appreciate

Fibre

Spinnova & Renewcell Develop Textile Waste-Based Fibre

Textile Insights September 15, 2023

Sustainable textile material company, Spinnova has partnered textile recycling company Renewcell, to develop and promote a concept to commercialise and scale textile waste-based fibre. The collaboration is the first of its kind, where textile waste-based fibre can be spun into new fibre without harmful chemicals and the first consumer products will be available around

Sustainability

Cone First North American Denim Mill To Join CIRCULOSE Network

Textile Insights August 12, 2023

USA based Cone Denim has joined the CIRCULOSE Supplier Network and in turn has become the first denim mill in North America to join the network. Renewcell, a pioneering leader in textile recycling innovation, announced the launch of the CIRCULOSE Supplier Network last month. CIRCULOSE Supplier Network compromises of yarn and textile producers committed to […]