LOS ANGELES / TAIPEI – Taiwanese polyester giant Far Eastern Group has invested US$5 million in US recycler Ambercycle as part of a strategic effort to help scale textile-to-textile regeneration in the apparel industry.
The investment is being provided through Far Eastern’s corporate venture capital arm, Drive Catalyst, to help scale up Cycora, Ambercycle’s circular polyester which is made from post-industrial and post-consumer textile waste.
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