MoneyWorks4Me

Arvind enters into partnership with PurFi Global LLC

21 Nov 2022 Evaluate

Arvind has entered into partnership with PurFi Global LLC to reduce the amount of textile waste going to landfills. PurFi and Arvind will locate the first in a series of planned fiber rejuvenation facilities near one of Arvind’s manufacturing facilities in India. This facility will process textile wastes – white cotton, colored cotton, denim and synthetics – into virgin-like fibers for reuse from two lines, where each line will have a 5,500- ton capacity per year with plans to expand over the next five years.

The investment for these two lines is envisaged at Rs 200-250 crore. Expansion plans include an additional production line that removes elastomers from fabrics utilizing another of PurFi’s proprietary technologies.

Arvind is India’s largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. The company is also one of the largest producers of denim fabrics and is supplier to a large number of fashion brands in the world.

Peers
Company Name CMP
Vardhman Textiles 528.10
Welspun Living 226.65
Arvind 511.50
Raymond Lifestyle 574.80
K.P.R. Mill 1081.30
View more..