The strategic collaboration marks a new phase of cooperation between the two companies. By leveraging their market resources and technological strengths, they will focus on overcoming technical challenges in waste textile recycling, developing green recycled textile products, and promoting fiber product design. Through resource sharing and technological synergy, the two parties will jointly build a complete industrial chain ecosystem, from recycled materials and green products to service platforms, creating a green fiber recycling industrial ecosystem. 

Esquel and China Recycling Group jointly stated their commitment to continuously increasing investment in green technology to drive deep decarbonization of the industrial chain through innovation. They will work closely with upstream and downstream partners to build a responsible and sustainable textile ecosystem, promoting the industry's transition to green and low-carbon practices. 

This collaboration is an important milestone in Esquel’s sustainability strategy and will inject new momentum into the green transformation of China’s textile industry. Esquel will continue leveraging its more than 40 years of experience in successfully operating a vertically-integrated supply chain, to provide customized solutions and technical support for green recycled textile products.