In Sweden, Textilia Group, part of Denmark headed De Forenede Dampvaskerier (DFD) textile and garment laundry and services company has revealed that it has invested an undisclosed amount in compatriot chemical textile recycler Re:NewCell AB.
Operating seven laundries throughout Sweden, Textilia is the countries largest textile and garment services supplier to the healthcare and defense sectors.
According to a statement, the company has worked alongside the fashion industry in the pursuit of more environmentally sustainable textiles for a long time, and the last piece of the puzzle for textile recycling has been hard to find.
Re:NewCell is the world’s first scalable solution for recycling high-quality textile fibre in the fashion industry, and Textilia has now chosen to invest to become part owner in the company.
We’ve had our eyes on Re:NewCell and their work to create new textile fibres from old textiles for a long time. Our decision to invest in the company is another way for us to assume responsibility for this important issue. As one of Sweden’s largest buyers of textile for use in health and care services, we simply have to engage and support in the development of textile fiber recycling, said Fredrik Lagerkvist, CEO at Textilia.
With the investment from Textilia and a number of other large partners, the company will have the opportunity to expand its current operations at its 7 000 tonnes-per-annum demonstration plant in Kristnehamn, Sweden, and begin preparations for the next recycling plant.
We’re very happy that Textilia has chosen to join us as a part-owner. In addition to making it possible for us to increase capacity at a faster pace, we will also gain knowledge and experience from an industry leader. The circular economy is all about linking the end-user with the raw material provider. That kind of link is exactly what this investment creates, said Mattias Jonsson, CEO of Re:NewCell.