Recover, the Spanish recycled cotton producer, opened its new facility in Bangladesh to expand its manufacturing capabilities and accelerate its effort to transform the fashion industry.
Actually Bangladesh produces about 4 lakh tonnes of garment cutting waste annually, which is locally known as “jhut”, of which, only 5% can be recycled at four mills.
Notably, most global fashion brands are now shifting to recycled yarns in producing apparel products and, yarn hold only 5% of the global market.
On the other hand, H&M and Inditex have set goals of using 100% recycled or sustainable fibres by 2025-30 in readymade garment production.
Bangladesh Textile Mills Association said, “The Spanish Company took this initiative as a joint venture project with the Bangladeshi leading apparel exporter Beximco group. However, company officials are not willing to make any comment on this matter.”
According to the company website, it is the second out of three recycle hubs for this company, where it has plans to set up another six recycle units.
And recover is investing globally to increase recycling capacities to achieve maximum output by being where the waste is, thereby close to both supply and demand and reducing simultaneously its carbon footprint.
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 fibres, and circularity in the textile and fashion industry.
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 facility in Bangladesh is just one step in Recover’s ambitious expansion plans. In addition to our existing facilities in Spain and Pakistan, we are excited to announce the opening of a new manufacturing hub in Vietnam and a second facility in Bangladesh this year.”
Also, in Spain operations will also be expanded with greater investment in product development and further strategic alliances and business partners established globally.
