{"id":6129,"date":"2023-10-27T20:59:45","date_gmt":"2023-10-27T20:59:45","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/zara-owner-inditexs-suppliers-to-buy-2000-tons-of-fibre-recycled-from-cotton-waste\/"},"modified":"2023-10-27T20:59:45","modified_gmt":"2023-10-27T20:59:45","slug":"zara-owner-inditexs-suppliers-to-buy-2000-tons-of-fibre-recycled-from-cotton-waste","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=6129","title":{"rendered":"Zara owner Inditex’s suppliers to buy 2,000 tons of fibre recycled from cotton waste"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: Shoppers walk past a Zara clothes store, part of the Spanish group Inditex, in Las Palmas de Gran Canaria, Spain, December 13, 2022. REUTERS\/Borja Suarez\/File Photo<\/span>
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MADRID (Reuters) -Zara owner Inditex <\/span><\/span> (BME:), the world’s largest clothing retailer, said on Friday its suppliers would buy 2,000 metric tons of a raw material made out of cotton textile waste by Swedish company Renewcell.<\/p>\n

Renewcell is one of the world’s first commercial-scale textile-to-textile recycling factories that helps clothing retailers replace virgin fibres with recycled textiles. It produces a textile pulp made from chemically recycled cotton waste, branded as Circulose.<\/p>\n

Inditex, which like other fast-fashion retailers is under pressure to reduce waste and use recycled fabrics, earlier this week signed a deal to buy recycled polyester from a U.S.-based startup. The Spanish company intends to source 25% of its fibres from “next generation” materials by 2030. <\/p>\n

Inditex placed a total of 621,244 tons worth of articles on the market last year, according to its annual report.<\/p>\n

“A public agreement to purchase any amount of fibers made with Circulose is positive in our view,” Renewcell Chief Executive Magnus Hakansson told Reuters in an email. <\/p>\n

“It signals to the rest of the market that Inditex is actively pursuing its goal to source and use more next-generation materials,” he added.<\/p>\n

Inditex said its suppliers would purchase the first order of a raw material made from a blend of Circulose and cellulose sourced from a sustainably managed forest, to be integrated into Inditex’s collections.<\/p>\n

Levi Strauss (NYSE:) has already signed a deal with Renewcell to buy Circulose to make one of its blue jean pants, adding it to organic cotton.<\/p>\n

Swedish retailer H&M (ST:) also agreed in 2020 to use Circulose material across its brands over a five-year period, Renewcell says on its website. <\/p>\n

Renewcell said earlier this month it had sold around 14,400 tons of Circulose as of the end of September.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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