Waste fabric recycling plant in Bangladesh
Press release provided by Envoy Textiles
Bhaluka, Bangladesh – 8 September, 2024 – Bangladesh denim manufacturer and exporter Envoy Textiles announced plans to invest in a waste recycling plant on its factory premises in Bhaluka, Mymensingh.
The company, which claims to have the world’s first LEED-certified platinum denim mill, estimates the total project cost at BDT 237.04m (US$2m), with 70% funded by debt and 30% by equity.
The project, which is expected to begin operations by the end of June next year, will see the plant built on Envoy’s 45-acre site, according to local media.
The board of the company approved the plan at its meeting held on Thursday (5 September), it said in a disclosure.
“This plant will process both local and in-house pre-industrial and post-consumer waste fabrics, converting them into high-quality recycled fibre,” said the company.
Once operational, the recycling plant will enable Envoy Textiles to replace externally sourced waste cotton with recycled fibre produced in-house.
In addition to enhancing operational profitability, this project will meet the growing demand from buyers for environmentally responsible production practice
“This strategic initiative not only strengthens our eco-friendly manufacturing credentials, but also positions us favourably in terms of export pricing, giving us a competitive edge,” said the company.
The company claimed that the plant is designed to process 12 tonnes of waste fabrics per day, with a 98% recovery rate of input material into the recycled fibre.
Envoy Textiles is also the first denim project in Bangladesh with rope-dye technology and currently considered as one of the largest denim manufacturers of Bangladesh.
