Filatex India has signed a Memorandum of Understanding (MoU) with Revti Business and Wastewear Inc. to establish a multi-faceted collaboration focused on textile waste recycling, product innovation, and global co-branding. The MoU outlines the intention of the three companies to work jointly on sourcing, processing, and marketing recycled polyester products, with the long-term goal of reducing textile waste and promoting responsible production.
Under this partnership, the company will process textile feedstock into recycled PET chips and filament yarn, ensuring adherence to sustainability benchmarks and product quality standards. Meanwhile, Revti Business will supply high-quality sorted textile waste and act as a preferred customer for the recycled outputs. Further, Wastewear Inc., a US-based sustainability leader, will facilitate imports of textile waste into India and lead international marketing and co-branding efforts under the ‘ecosis’ yarn brand.
Filatex India is engaged in manufacturing Monofilament Yarns for Zippers, Tooth Brush Bristles, Velcro, Magic Fasteners and Forming Fabrics in India.
| Company Name | CMP |
|---|---|
| Trident | 25.35 |
| Filatex India | 44.40 |
| Nitin Spinners | 397.30 |
| Nahar Spinning Mills | 238.55 |
| Sanathan Textiles | 422.10 |
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