Spanish recycled cotton producer opens new factory in Bangladesh
Spanish recycled cotton fiber producer Recover has announced the official opening of its new factory in Bangladesh to expand its manufacturing capabilities and accelerate its efforts to transform the fashion industry.
Recover launched the initiative as Bangladesh produces around 4 lakh tonnes of clothing cutting waste per year, known locally as “jhut”, of which only 5% can be recycled at four factories, according to insiders from the industry.
This clothing waste has gradually gained a foothold in the world of clothing due to its usefulness in the manufacture of high-end items. Most global fashion brands are now turning to recycled yarns in the production of clothing products. These items made from recycled yarn represent only 5% of the global market.
Global fashion giants H&M and Inditex have set targets to use 100% recycled or sustainable fibers by 2025-30 in the production of ready-made garments.
According to the Bangladesh Textile Mills Association, the Spanish company took the initiative as part of a joint venture project with Beximco Group, Bangladesh’s leading garment exporter. However, company officials are unwilling to comment on this.
According to the company’s website, this is the second of the company’s three recycling centers, where it plans to set up six more recycling units.
“Recover is investing globally to increase recycling capabilities to achieve maximum efficiency by being where the waste is, thus being close to both supply and demand and simultaneously reducing its carbon footprint. “, says the website.
As a fourth-generation, family-owned company, Recover is on a mission to evolve its proprietary technology to have a lasting positive impact on the environment and to partner with brands, retailers and other changemakers to achieve industry sustainability goals.
The Bangladesh factory is fully equipped with Recover’s proprietary machinery, as well as the RColorBlend facility, Recover’s innovative technology that provides fiber blends with color, with less environmental impact, a press release says.
Located in Dhaka, the new manufacturing center is an integral part of Recover’s growth and scalability strategy with its recent partnership with STORY3 Capital, a leading alternative investment manager. This new facility helps Recover support the growing global demand for sustainable fibers and circularity in the textile and fashion industry.
The facility’s strategic location, close to both textile waste sorting and textile manufacturing, will support Recover in its scaling ambitions and put it close to supply and demand, thus reducing the 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.
Alfredo Ferre, CEO of Recover, said: “The new factory in Bangladesh is just one step in Recover’s ambitious expansion plans. In addition to our existing facilities in Spain and Pakistan, we are delighted to announce the opening of a new manufacturing center in Vietnam. and a second installation in Bangladesh this year. »
“Operations in Spain will also be expanded with greater investment in product development and new strategic alliances and business partners established globally,” he added.