Inditex
Assembly Line
Infinited Fiber Company Successfully Completes EUR 40 million Development Financing Round
Technology and fashion company Infinited Fiber Company has successfully completed a two-part development financing round totaling 40 million euros, with significant investments from new investors Inditex, TTY Management, Youngone and Goldwin, in addition to existing ones. After the development financing round, Inditex, TTY Management and H&M Group are the largest shareholders of Infinited Fiber Company.
Infinited Fiber Company is a Finnish technology and fashion company with a patented technology that turns cotton-rich textile waste, such as worn-out t-shirts, jeans, and production scraps into Infinna™, a virgin-quality, versatile textile fiber with the soft and natural look and feel of cotton. Infinna™ is biodegradable, contains no microplastics, and at the end of their life, garments made with it can be recycled in the same process together with other textile waste, enabling circularity in fashion.
BASF and Inditex make a breakthrough in textile-to-textile recycling with loopamid, the first circular nylon 6 entirely based on textile waste
BASF and Inditex jointly announce a breakthrough in their efforts for boosting recyclability in the textile industry. With the launch of loopamid®, a polyamide 6 (PA6, also known as nylon 6) made from 100 percent textile waste, BASF is providing the first circular solution for nylon apparel made entirely from textile waste. Zara has turned the material into a jacket made from 100 percent loopamid. Following a “design for recycling” approach, all parts, including fabrics, buttons, filling, hook and loop and zipper are made from loopamid.