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Spinnova allures with new investment

Related Keywords: Brazilian cellulose company Fibria, cotton, fiber innovation, food, global textile brands, logistics and textiles, Spinnova, sustainability goals, sustainable textile fiber, viscose, wood and waste stream based fibres

Spinnova’s majority shareholder is Brazilian cellulose company Fibria, who invested 5 million euros into the company in 2017.The development of the Spinova fiber has surpassed expectations. In addition to Finnish design house Marimekko, Spinnova has joint product development underway with various other partners. The fiber innovation has raised wide interest from global textile brands out of which many which have committed to challenging sustainability goals.

Africa an alternative to Asia as a production hub for global textile brands

Related Keywords: Africa, Asia, Asian textile industry, collapsing factories, Ethiopia, global textile, global textile brands, Inditex, Kenyan textile industry, production hub, soaring labour wages, Swedish chain H&M, US-based WalMart, value adding industry, violent workers protest

Global textile retailers have found alternatives to Asia as a production hub as they saw some bad event happening in Asia’s textile industry in the year 2014 like the soaring labour wages in China, violent workers’ protests in Cambodia and collapsing factories in Bangladesh. These events points at the fact that the entire Asia textile industry seems to be in transition and the transition lies in a shift to a more value-adding industry.

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