Infinited Fiber goes into a 3-year partnership with Inditex, the global fashion retailer and parent company of ZARA.
Inditex commits to buying 30% of Infinited Fiber’s annual future production Infinna™. The deal is worth more than €100 million, and the Espoo-based company is to use the funds to scale up the recycling technology in the company’s first large-capacity factory. The factory is to start operating in 2024.
Infinna™ is a premium textile fibre that’s as usable as cotton but made from, for example, used textiles, waste cardboard, and crop residues.
Image: ©Infinited Fiber Company