Recover, a materials science company and producer of recycled cotton fiber and cotton fiber blends, and Intradeco, a global vertical textile manufacturing group, have formed a joint venture aimed at producing Recover recycled cotton fiber.
“We are thrilled to partner with Intradeco to bring our sustainable textile solutions to the Americas and address the increasing demand for near-shoring in the region,” said Anders Sjöblom, CEO at Recover.
The companies will base the joint venture in El Salvador, enabling them to develop closed textile loops and more circular textile systems in the mid-term, while capitalizing on the growing importance of the CAFTA region, where global brands and retailers are establishing production hubs in response to recent potential trade tensions in the Americas.
The company said the new processing plant in Central America is close to textile waste and production streams, allowing it to operate cost-efficiently, with fast lead times, while lowering the supply chain’s carbon footprint. The initiative is also expected to simplify compliance with the UFLPA for U.S. textile and apparel manufacturers, while addressing the increasing demand for near-shoring.
Recover proprietary process produces low-impact, recycled cotton fiber, which will be a cornerstone of the joint venture’s operations. The company’s “technological expertise will enhance the venture’s ability to deliver innovative and sustainable textile solutions to the market,” Recover said in a media release.
_We are thrilled to partner with Intradeco to bring our sustainable textile solutions to the Americas and address the increasing demand for near-shoring in the region. This joint venture is another step in our journey to enable large-scale sustainable change in fashion through business value and inspiration. Together, we aim to support changed trade patterns and drive innovation and sustainability in the textile industry,” said Anders Sjöblom, CEO of Recover.
“Intradeco is excited to partner with Recover to enhance our production capabilities and deliver high-quality, recycled products at scale to our customers. This partnership represents a significant step forward in our commitment to sustainability,” said Jaime Miguel, CEO of Intradeco.
Recover, a fourth-generation, family-owned company, and backed by recent investment from Story3 Capital and Goldman Sachs, said it offers sustainable solutions for brands and retailers in most major textile production hubs, serving customers from Spain, Bangladesh, Vietnam, Pakistan, and El Salvador. The joint venture will begin operations this year, with initial shredding activities temporarily managed out of Recover’s Spanish factory.
Image courtesy Recover
