Textilia 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. Until now. Re:newcell is the world’s first scalable solution for recycling of high quality textile fibers 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 fibers from old textiles for a long time. Our decision to invest in the company is another way for us to assume responsibility on 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” says Fredrik Lagerkvist, CEO at Textilia.
With the investment from Textilia and a number of other large partners, re:newcell will have the opportunity to expand current operations 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. Circular economy is all about linking the end-user with the raw material provider. That kind of link is exactly what this investment creates” says Mattias Jonsson, CEO at re:newcell.
More information about Textilia can be found here
A press release (in Swedish) can be found here