EXCLUSIVE: Textile Recycler Recover to Open New Factory in Vietnam

PARIS — Spanish materials science company and textile recycler Recover is opening a factory in Vietnam as it expands into a key production market.

This marks the fourth facility for the company, following its factories in Spain and Bangladesh, as well as Pakistan, which operates through a partner.

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“This is a pioneering move, and I’m pretty excited to see where we can innovate together with the industry on site in Vietnam,” said chief executive officer Anders Sjoblom. “It’s another way we can accelerate this work,” he said, speaking about the company’s goal to continue to innovate recycled material blends and provide the more sustainable solutions for fashion brands.

Vietnam is the third-largest textile exporter worldwide, and being on the ground creates an advantage for Recover, as the country has import bans on some types of fibers and waste.

The Vietnam factory follows the $100 million minority equity investment in Recover led by Goldman Sachs Asset Management in 2022. Sjoblom, formerly an H&M Group executive, stepped into the CEO role last January to drive the company’s next stage of growth.

The funding also went to research and development to improve the core product, and ensure recycled content makes up more of the finished material.

“We’ve seen very dramatic improvement in the quality of our product the last two years,” Sjoblom said. “Especially important is that we now have extremely high consistency in the quality, which has been one of the key troubles in the industry.”

Recover specializes in mechanical recycling for cotton and cotton-polyester blends. The new facility is set to be operational in the first quarter of 2025 with an initial capacity of 10,000 metric tons and room to grow.

“One of the main reasons why we’re going to Vietnam, in addition to just accessing another big market, is Vietnam is very much of a polyester-cotton blend market,” he said, with large supplies of post-industrial waste.

A key product will be RMix, Recover’s proprietary, mechanically recycled cotton-polyester blends. Being able to recycle natural-synthetic fiber blends has long been a challenge for the industry.

With factories close to significant garment manufacturing markets including China and India, Recover can provide quality and consistency to brands to both fulfill their growing demand for recycled materials while keeping flexibility in their supply chains.