#Recycling / Circular Economy

2021-09-02

Sitra lists Infinited as one of Finland’s most interesting circular economy companies

Infinited Fiber is delighted to announce that they have been included in The Finnish Innovation Fund Sitra’s latest list of the ‘Most Interesting Companies in Circular Economy in Finland’. The list features 41 pioneering companies offering global sustainability solutions through means of circularity. Sitra has maintained a list of the most interesting companies in the circular economy since 2017. In that time, the circular economy has transformed from being something that involved a few pioneering individual companies to a profitable business model for an increasing number of businesses.

“All the ingredients for a breakthrough”

“Potential to revolutionize the entire textile industry, whose environmental impacts are significant. A technology company with all the ingredients to make an international breakthrough.”

That’s how the Sitra panel described Infinited Fiber Company on the case story page they created for them, and they couldn’t be happier with the evaluation, Infinited Fiber commented and named it another incredible step on their journey to make textile circularity an everyday reality.

Showcasing at WCEF2021

Next up, they’re excited to be part of the World Circular Economy Forum 2021 (WCEF2021) Virtual Expo Showcase, taking place in Canada on September 13-15. This, the fifth WCEF, is co-organized by the Government of Canada and Sitra.

Infinited Fiber CEO Petri Alava is among the impressive line-up of global thinkers and leaders speaking at WCEF2021. You can catch him on the September 14 Game Changer Session #4: Climate + Biodiversity panel.

"We’re looking forward to discussing groundbreaking circular economy ideas and solutions with fellow enthusiasts. This is a key event in circularity and we’re excited to be among the game changers seizing the circular opportunity through transformational change and collective efforts", Infinited Fiber announced with a view to the congress.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

Rieter reports stable order backlog and strategic progress – outlook for 2025 adjusted

In its Investor Update 2025, Rieter announced an order intake of CHF 203.9 million in the third quarter and CHF 559.3 million after nine months, reflecting a continued cautious investment climate in the textile machinery sector. Sales totaled CHF 121.5 million in the third quarter and CHF 457.7 million for the first nine months of the year, while the order backlog stood at around CHF 590 million as of September 30, 2025.

The Address of innovation and investment in textile technologies: ITM 2026

Sales for ITM 2026, one of the world’s most comprehensive and prestigious exhibitions in textile technologies, are continuing at full steam. The record number of exhibitors and visitors achieved at ITM 2024 once again proved the industry’s confidence and the commercial success of the exhibition; meanwhile, the strong interest shown in ITM 2026, to be held on 9-13 June 2026, has far exceeded expectations.

STOLL in focus:

At the beginning of this year, KARL MAYER announced that it would be shifting its focus back to its core areas of warp knitting, warp preparation and technical textiles. As part of this strategic realignment, the flat knitting machine business under the STOLL brand will be discontinued. The Reutlingen plant will close down on 31 October 2025. Production in China will end in December 2025. This was an extremely difficult decision for KARL MAYER.