28 May 2022, Mumbai:
Inditex signs a three-year commitment to buy Infinna™ upcycled textile fiber for over €100 million.
This purchasing commitment is significant for Infinited Fiber Company’s plans to scale up its recycling technology through its first large-capacity factory.
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As part of this collaboration, Zara has today launched a capsule collection using this innovative high-quality fiber, which is created from clothing waste Inditex and Infinited Fiber Company today announced a new partnership with the shared goal of advancing new and innovative technologies towards textile-to-textile circular loop.
At the core of this partnership is Inditex´s three-year commitment to buy 30% of Infinited Fiber Company's annual future production volume of Infinna™, a textile fiber that can be created from 100% textile waste –a deal valued at more than €100 million.
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This purchase commitment is significant for Infinited Fiber’s plans to scale up its recycling technology through its first large-capacity factory, which it expects to begin operations in 2024, when Inditex is due to start to buying Infinna™.
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CREDITS: Inditex (The news article has not been edited by DFU Publications staff).
