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Recover Textile Systems

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Recover Textile Systems, S.L.
Recover™
Company typePrivately held company
IndustryTextiles
Founded2020
HeadquartersBanyeres de Mariola, Spain
ProductsRecycled Cotton Fiber
Websiterecoverfiber.com

Recover Textile Systems, mainly known as Recover™, is a materials science company and producer of mechanically recycled cotton fiber and recycled cotton fiber blends, created in 2020 with its headquarters in Banyeres de Mariola, Spain.[1]

History

Recover™ is a spin-off of Ferre Yarns (Hilaturas Ferre), a Spanish textile company based in Banyeres de Mariola, Spain. The Ferre family started its business in 1914 as a textile factory dedicated to the production of jute and other non-clothing textiles. After a period of raw material shortages due to the first and second world wars, in 1947 the company started recycling textile waste back into cotton yarns.[2]

In 2006, Ferre Yarns gave a name to its recycled product line: Recover. In the following years, the company started expanding its product lines by including cotton fiber blends to its portfolio, such as recycled cotton-recycled polyester (rPET) and recycled cotton-organic cotton. In 2014, Ferre Yarns launched its first Recover product lines with retailers such as H&M, Armani, Hugo Boss and Inditex.[3]

In December 2020, Ferre Yarns announced it sold its spin-off Recover™ to the American private equity fund STORY3 Capital.[4] Ferre Yarns would focus on spinning, while the fiber business would be taken over by the newly created Recover Textile Systems, S.L. The Ferre family announced it would maintain a minority stake in Recover™ as Alfredo Ferre was named chief executive officer.

In May 2021, Recover™ announced it opened a facility in Pakistan in partnership with Artistic Denim Mills (ADM).[5] In May 2022, Recover™ unveiled its new facility in Dhaka, Bangladesh to boost its manufacturing capabilities and directly service the country's textile sector.[6] Bangladesh is the world's second largest apparel exporter after China, and was deemed, therefore, an ideal location for expansion given the increasing demand for ‘sustainable’ materials.[7]

In June 2022, Goldman Sachs Group Inc.’s asset-management arm led a $100 million growth investment in the company.[8] The investment, the company said, put it on track to increase its production and add 15 manufacturing facilities in seven geographies, including Vietnam.[9]

Manufacturing process

The company's manufacturing process falls under mechanical textile-to-textile recycling, a process which recovers materials of pre-consumer, post-consumer and post-industrial origins to transform them into recycled yarns for new fabrics.[10] Textile recycling is a component of a circular economy, along with reusing, reducing and repairing.

Recover™ has a public Life Cycle Assessment (LCA) study published in 2016, that was carried out by the University of Valencia, called “Environmental impact of Recover cotton in the Textile industry”. The study was later verified by Aitex and UNESCO. It analyzes the manufacturing process of a garment made from conventional cotton compared to one made from Recover™ recycled cotton. The use of recycled cotton eliminates several phases of the manufacturing process of conventional cotton, such as farming, ginning, and dyeing. This produces savings for the environment in terms of water, pollutants, CO₂ emissions, energy and land use.[11]

Recover™ complies to annual verification tests and certifications by third parties such as Organic Content Standard (OCS) and Global Recycle Standard (GRS).[12] The company is also a member of several industry initiatives such as Sustainable Apparel Coalition (SAC),[13] Textile Exchange[14] and Global Fashion Agenda.[15]

Recognition

In 2017, Ferre Yarns, S.A., received the innovative company award from la Fundación Textil Algodonera for its production of circular yarns.[16] In 2018, Ferre Yarns, S.A., received the Aitex Business Award in the Sustainability category for its Recover project.[17] In November 2021, Recover™ received the Ryan Young Climate+ Award in the Climate Leader category granted by Textile Exchange.[18] Shortly after, the company received a Drapers Award in the Disruptor category.[19]

In May 2022, Recover™ won the Green Product Award 2022 in the Fashion category.[20] In September 2022, Recover™ won the ITMF Sustainability & Innovation Award at the ITMF Annual Conference 2022 in Davos.[21]

References

  1. ^ "Recover: el 'spin off' de Hilaturas Ferre gana escala tras su venta y firma con Primark". www.modaes.es (in Spanish). Retrieved 2022-04-26.
  2. ^ Recovertex - Hilaturas Ferrer - Cómo hacer moda sostenible, retrieved 2022-04-07
  3. ^ "La moda circular es tendencia, ¿te apuntas?". La Vanguardia (in Spanish). 2017-05-25. Retrieved 2022-04-07.
  4. ^ "Hilaturas Ferre vende su spin off Recover al fondo estadounidense Story3 Capital". Webcapitalriesgo (in Spanish). 2020-12-17. Retrieved 2022-04-07.
  5. ^ Velasquez, Angela (2021-05-11). "ADM Inks Deal with Recover to Scale Traceable Recycled Cotton". Sourcing Journal. Retrieved 2022-04-07.
  6. ^ "Recover closes the loop with new Bangaladesh facility". Just Style. 2022-05-11. Retrieved 2022-08-24.
  7. ^ Cheng, Peter; Fu, Yelin; Lai, Kin Keung (2018-05-11). Supply Chain Risk Management in the Apparel Industry. Routledge. ISBN 978-1-315-31415-0.
  8. ^ Armental, Maria (2022-06-09). "Goldman Sachs Leads $100 Million Investment in Sustainable Textile Company Recover". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-08-24.
  9. ^ "Goldman-Backed Recycled Cotton Supplier Valued at $1 Billion". The Business of Fashion. Retrieved 2022-08-26.
  10. ^ Sandvik, Ida Marie; Stubbs, Wendy (2019-01-01). "Circular fashion supply chain through textile-to-textile recycling". Journal of Fashion Marketing and Management. 23 (3): 366–381. doi:10.1108/JFMM-04-2018-0058. ISSN 1361-2026. S2CID 181446929.
  11. ^ Esteve-Turrillas, F. A.; de la Guardia, M. (2017-01-01). "Environmental impact of Recover cotton in textile industry". Resources, Conservation and Recycling. 116: 107–115. doi:10.1016/j.resconrec.2016.09.034. ISSN 0921-3449.
  12. ^ "Recover - Textile Exchange". Retrieved 2022-04-26.
  13. ^ "Manufacturers". Sustainable Apparel Coalition. Retrieved 2022-04-26.
  14. ^ "Recover - Textile Exchange". Retrieved 2022-04-26.
  15. ^ "Recover — GLOBAL FASHION AGENDA". Retrieved 2022-04-26.
  16. ^ "La industria algodonera premia la gestión del diseño y la innovación en fibras sintéticas". www.modaes.es (in Spanish). Retrieved 2022-04-07.
  17. ^ by (2019-03-11). "Entregados Los Premios Empresariales AITEX 2018 A La Innovación Y A La Sostenibilidad" (in European Spanish). Retrieved 2022-04-07.
  18. ^ "2021 Ryan Young Climate+ Awards - Textile Exchange". 2021-11-04. Retrieved 2022-04-07.
  19. ^ Fish, Isabella (2021-11-18). "Drapers Awards 2021 winners revealed". Drapers. Retrieved 2022-04-07.
  20. ^ Remington, Chris. "Recover wins Green Product Award". Ecotextile News. Retrieved 2022-08-26.
  21. ^ "ITMF Award winners 2022". www.innovationintextiles.com. Retrieved 2023-02-22.
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