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WINTERTHUR – Textile recycling innovator Worn Again Technologies has secured £27.6 million (US$30.8m) in funding, which will be used to support the construction of its demonstration plant in Winterthur, Switzerland.

The financing, provided by existing partners and its main stakeholders, marks the start-ups most successful funding tranche and is expected to accelerate efforts to increase its capacities.

Worn Again’s CEO, Erik Koep, commented: "We are well-positioned to enter the next phase of our business growth, as we can get closer to offering large-scale commercial facilities for blended poly-cotton materials.”

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