Your Investment & Business Network Has Everything You Need to Stay Informed and Make Informed Decisions.
⎯ 《 Yibn • Com 》

Zara owner Inditex's suppliers to buy 2,000 tons of fibre recycled from cotton waste

2023-10-27 20:48
MADRID Zara owner Inditex, the world's largest clothing retailer, said on Friday its suppliers would buy 2,000 metric
Zara owner Inditex's suppliers to buy 2,000 tons of fibre recycled from cotton waste

MADRID Zara owner Inditex, the world's largest clothing retailer, said on Friday its suppliers would buy 2,000 metric tons of a raw material made out of cotton textile waste by Swedish company Renewcell.

Renewcell is one of the world's first commercial-scale textile-to-textile recycling factories that helps clothing retailers to replace virgin fibres with recycled textiles.

Inditex, which like other fast-fashion retailers is under pressure to reduce waste and use recycled fabrics, earlier this week, signed a deal to buy recycled polyester from a U.S. startup. The Spanish company intends to source 25% of its fibres from "next generation" materials by 2030.

Inditex placed 621,244 tons of garments on the market last year, according to its annual report.

Renewcell produces a textile pulp made from cotton waste recycled in a chemical process, and is branded as Circulose.

Levi Strauss has already signed a deal with Renewcell to buy Circulose to make one of its blue jean pants, adding it to organic cotton.

Swedish retailer H&M also agreed in 2020 to use Circulose material across its brands over a five-year period, Renewcell says on its website.

Renewcell said earlier this month it had sold around 14,400 tonnes of Circulose as of the end of September.

(Reporting by Corina Pons; Editing by Inti Landauro and Mark Potter)