Espoo – Infinited Fiber Company, which is working with a number of leading brands including H&M, Bestseller and Patagonia on the production of recycled knitwear and other knitted textiles, is to build its first commercial plant for Infinna regenerated fibres in Finland.
With the location to be confirmed by September, the plant’s entire output is intended for export and the company is currently negotiating offtake agreements with several brands. It believes agreements will be in place before the end of 2021, securing the factory’s entire output capacity for several years.
The total investment for setting up the plant is estimated at around €220 million, and it will be operational by 2024.
“We are seeing great demand for our circular Infinna textile fibre from global fashion brands and setting up our own plant is a response to this demand,” said cofounder and CEO Petri Alava. “While technology licensing remains central to our long-term business strategy, this plant will speed up the availability of Infinna to the global fashion and textile market in the short to medium-term.”
Infinited’s technology turns cellulose-based raw materials, like cotton-rich textiles, used cardboard or rice or wheat straw, into Infinna, a unique, premium textile fibre with the natural, soft look and feel of cotton. The company currently operates pilot facilities in the cities of Espoo and Valkeakoski in Finland, with a combined nominal capacity of 150 metric tons per annum. The planned flagship factory will have an annual capacity of 30,000 metric tons per year and will use textile waste as feedstock.
