Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
Since early 2018, IFC has been operating a 50-ton per annum pilot plant in Espoo, Finland, that produces Infinited Fiber for testing purposes with global brand owners such as H&M, VF Corporation and their manufacturers. Recently, the company leased production facilities in Valkeakoski city, Southern Finland, for a new pre-commercial 500-ton per annum plant and customer training centre that will start up in early 2020, said IFC in a press release.
"This new investment amount, the largest single IFC has received to date, supplements the earlier partnerships with H&M Group, Virala and Fortum, we announced in April this year. We are delighted to have RGE on board as a strategic partner as we can apply what we learn from their global operations to accelerate our plan to bring our technology to large-scale manufacturing," said Petri Alava, CEO of IFC. "This new financing will enable us to finalise the scaling of the technology and to extend our fibre production capacity to enable global leading brands to bring capsule collections to the markets in 2020."
"RGE is keen to support innovative next-generation solutions that can be applied at industrial scale. IFC's technology is exciting as it brings together the use of recycled feedstock and clean solvent in a circular fashion to produce fibres. Our viscose business groups, Sateri and Asia Pacific Rayon, collectively produce about 1.4 million tons of viscose annually using raw materials from renewable plantations. As a leading viscose producer, we strive to continually seek solutions to improve the sustainability performance of our manufacturing practices and products," said Tey Wei Lin, president of RGE.
IFC has raised €8 million of funds this year, including €1.96 million recently awarded by the European Innovation Council (EIC). (PC)
Fibre2Fashion News Desk – India
| On 20th Oct 2020
The United States and Brazil yesterday signed a new protocol relating ...
China is striving to build a more competitive mulberry silk industry...
The Central Bank of Nigeria (CBN) recently said it had invested over...
There might be negative impact on garment exports
DLF Emporio and DLF Promenade
‘Each event and promotion is planned out keeping in mind the business of...
Orange O Tec
Contemporary industry is paying more and more attention to the...
Headquartered in Finland, Helsinki, Lindström Group is a textile rental...
Leading the transformation of the textiles industry with disruptive...
Ritu Ajbani & Neha Agarwal
Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...
European School of Business & innovation
Cutting-edge ideas like the Internet of Things and artificial intelligence ...
Broadcast Wearables Pvt Ltd
Hyderabad-based Broadcast Wearables has come up with the country's first...
MIP is a manufacturer and distributor of high-performance textiles and...
"Now we can see the Russian trend in international fashion. And Russian...
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
Sailesh Singhania Label
The Sailesh Singhania label was created to promote handwoven sarees and...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.