Recover™ opens Manufacturing Facility In Bangladesh | Knowledge Hub | Circle Economy Foundation
imageimage
image
Business case
Recover™ opens Manufacturing Facility In Bangladesh
0
0

Leading recycled cotton fiber producer, Recover™, has announced the official opening of its new facility in Bangladesh, expanding the company´s manufacturing capabilities and accelerating its efforts to transform the fashion industry by solving one of the world’s biggest environmental issues.

Problem

48 million tones of clothing are disposed worldwide every year. 73% are incinerated, 12% is reused, 12% is downcycled, and only less then 1% is turned into new clothes.

Solution

Recover's Bangladesh facility comes fully equipped with Recover’s proprietary machinery, as well as RColorBlend installation, Recover’s innovative technology that provides fiber blends with color, with a lower environmental impact. Located in Dhaka, the new manufacturing hub is an integral part of Recover´s strategy for growth and scalability with its recent partnership with STORY3 Capital, a leading alternative investment manager. This new facility helps Recover™ support the surging global demand for sustainable fibers, and circularity in the textile and fashion industry. The strategic location of the facility, close to both textile waste sorting and textile manufacturing, will support Recover™ with its scaling ambitions, and place it close to the supply and demand, reducing carbon impact of transport. Asia is one of the largest cotton waste producing regions and by establishing a presence in Bangladesh, Recover™ can provide a fully closed loop solution.

Relevant links