Sweden's Altor acquires Renewcell
Fibres/Yarns
Swift increase in Circulose uptake
Expansion includes a dozen knitters and more than thirty yarn spinners.
5th October 2023
Knitting Industry
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Stockholm, Sweden
Sweden’s Renewcell’s reports that its Circulose Supplier Network (CSN), founded in June and initially composed of 47 yarn and textile producers, has now expanded to include a diverse range of 116 members, with companies notably joining from the Southeast Asian region and reaffirming the brand’s commitment to advancing circular fashion on a global scale.
In addition to geographic diversification, the expansion includes a dozen knitters and more than thirty yarn spinners, enhancing the variety of qualities made with Circulose that are available for all brands to source.
A significant development within this expansion is the inclusion of home textile suppliers including Sharadha Terry Products, Kadri Mills, and Yang Tsu. This strategic addition opens up new possibilities for integrating Circulose into various fields of the textile industry, reaffirming the network's adaptability and potential.
“The CSN is playing a pivotal role in scaling up the availability of yarns and fabrics made with Circulose,” said Renewcell CEO Patrik Lundström. “With a more diverse network across the textile supply chain, fashion brands now have a broader range of sustainable options to incorporate Circulose into their designs.”
“Renewcell’s strides in growing CSN are instrumental in our collective pursuit of a circular textile industry,” added Priyanka Khanna, head of Asia expansion at Fashion for Good. “This growth is not only significant in driving the adoption of textile-to-textile recycled output but also in providing reach and accessibility to suppliers who are the first customers of these materials. By expanding across industry verticals and manufacturing regions, Renewcell is enabling suppliers to easily access and test the output, which they can then develop and offer to their customers, the brands. Renewcell has been a part of Fashion for Good since 2020 and we continue to support them in their journey to scale.”
Renewcell, founded by innovators from Stockholm’s KTH Royal Institute of Technology in 2012, has developed a patented process that enables the recycling of cellulosic textile waste to be transformed into new Circulose fibres and yarns.
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