#Retail & Brands

2023-10-26

Inditex signs a three-year agreement to buy textile to textile recycled polyester cycora® for over €70 million

Inditex has formed a strategic partnership with Ambercycle, a Los Angeles based material science company, to help scale textile to textile recycled polyester. As part of this collaboration, the company has signed a three-year agreement to buy a significant portion of the annual production of cycora® – an innovative material made from post-industrial and post-consumer polyester waste – for more than 70 million euros.

This purchase commitment will be key to support the construction of Ambercycle’s first commercial-scale textile regeneration factory. The scaled application of Ambercycle's innovative molecular regeneration technology will make circular materials more widely available and accessible in the fashion supply chain. Production of cycora® at Ambercycle’s new commercial plant is expected to begin around 2025 and continue to be incorporated in Inditex product offerings over the following three years.

Inditex aims to have 100% of its textile products to be made exclusively from materials with a smaller environmental footprint by 2030. As part of this commitment, the Group expect to have 25% of the textile fibers made from next-generation materials that do not yet exist at an industrial scale. Cycora®, a regenerated polyester created from end-of-life textiles, seamlessly replaces conventional polyester.

As part of this agreement, Zara Athleticz is also launching today its first capsule collection in collaboration with Ambercycle, featuring technical pieces crafted with up to 50% cycora® content. It exemplifies the immense potential of innovative materials to create highly functional stylish products with lower environmental impact. The collection will be available at Zara.com.

"Ambercycle’s goal is to enable circularity by replacing virgin polyester with textile-to-textile regenerated cycora®. Our partnership with Inditex represents a monumental leap towards realizing circularity at scale in the fashion industry" said Shay Sethi, CEO of Ambercycle.

Javier Losada, Inditex’s Chief Sustainability Officer added, "At Inditex we are committed to achieving circularity in the fashion industry. We want to drive innovation to scale up new solutions, processes and materials to achieve textile to textile recycling. Ambercycle’s groundbreaking molecular regeneration technology transforms end-of-life textiles into new materials, effectively reducing waste and emissions in the production cycle”.

Inditex’s Sustainability Innovation Hub

This collaboration is part of Inditex’s Sustainability Innovation Hub, an innovation platform that works alongside start-ups, academic institutions and tech centers to promote and scale new materials, technologies and processes that reduce the environmental footprint of fashion products and help move towards more sustainable and circular solutions.

The purpose of the Inditex Sustainability Innovation Hub is to minimize the environmental impact of raw materials and processes used in the textile industry. Each new proposal is evaluated considering its impact on social aspects, circularity, biodiversity and animal welfare, in addition to undergoing an environmental life cycle analysis. This analysis, performed on a lab test, includes sixteen different impacts in areas such as emissions, water and land use, among others. All of this contributes to ensuring that these innovations have the potential to deliver a lower environmental impact compared to currently available alternatives.

Inditex will fund the university education of 50 female textile industry workers in Bangladesh for five years

Inditex and the Asian University for Women have launched a new scholarship program to support the academic training of female textile factory workers in Bangladesh. Inditex will allocate €3.75 million to fund this initiative, enabling 50 women to access pre-university and university education over the next five years, providing them with new opportunities for personal and professional growth.

Inditex reports strong Q1 2024 performance

Inditex's sales grew by 7.1% in Q1 2024, reaching €8.2 billion. Sales in constant currency rose by 10.6%. Gross profit increased by 7.3% to €4.9 billion, with a gross margin of 60.6%. Operating expenses increased by 6.4%, below the sales growth rate. EBITDA rose by 8% to €2.4 billion, while EBIT grew by 10.3% to €1.6 billion. Net income saw a 10.8% increase, reaching €1.3 billion.

Recover™ secures multi-year recycled cotton agreement with H&M

Recover™ has signed a multi-year agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products. Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M’s collections.

GORE-TEX® KIDSWEAR launches innovative membership scheme for kids’ jackets

With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.

TEXTILCOLOR AG launches strategic collaboration with Alpex, Majocchi, and Trans-Textil in the field of Pyroshell™ flame protection

TEXTILCOLOR AG, a leading provider of innovative solutions in textile chemistry, today announces the start of a strategic collaboration with Alpex Protection, Majocchi, and Trans-Textil. Starting November 1, 2025, the partners will jointly advance the flame-retardant finishing of textiles using the patented Pyroshell™ technology at production sites in Germany, France, and Italy.

Huntsman and Steitz Secura deliver breakthrough in sustainable safety footwear

Huntsman, in collaboration with Steitz Secura, has developed a breakthrough polyurethane (PU) solution that can help improve the circularity of safety footwear. Together, the two companies have created a DALTOPED® polyurethane midsole system that can incorporate recycled content without compromising performance – setting a new benchmark in protective footwear production.

T-CAN – Revolutionizing can transport

In virtually all spinning mills, transporting sliver cans is still done manually. Rising labor costs, lack of operators and increasing quality requirements make this a growing challenge. With T-CAN, Trützschler introduces a practical solution: a fully automated can transport system that will be presented live at ITMA ASIA 2025 in Singapore.

Francois Guetat joins Suominen as COO

Francois Guetat brings over two decades of global experience in operations, supply chain, and manufacturing excellence. Most recently, he served as SVP of Integrated Supply Chain at Kalmar, where he led business across sourcing, manufacturing, logistics and strategy. His leadership has been shaped by 22 years at Volvo, where he held key roles in Sweden, USA, and Poland.