Published on Thursday, 09 August 2012
Joint venture boosts closed-loop polyester textile recycling
Written by John Mowbray
TOKYO – A new joint venture from Teijin and Jinggong Holding Group which will expand the capacity of Eco Circle chemically recycled polyester textile fibres through a new production facility in China, will begin operation in March 2014 and is expected to generate sales of Yen 10 billion (US$127 million) in its first year. Annual production capacity of recycled polyester fibre will be 19,000 tons in the initial phase as the company looks to increase its Eco Circle business with the likes of Patagonia Inc. in the US, Henri Lloyd in the UK, Quiksilver Europe in France and Li Ning in China.