• Infinited Fiber Company (IFC), a Finish producer of super fibers known as Infinna by recycling waste, has secured a three-year deal with leading Spanish retailer and Zara brand owner Inditex, to supply the latter with IFC’s Infinna material. The deal is valued at over EUR 100 million (~USD 104 million).

• As per the deal, IFC will supply 30% of its Infinna production per year to Inditex starting 2024, when the former’s large-scale factory comes online. Inditex will also use Infinna to launch a “Capsule Collection” under the Zara brand. 

• For IFC,  this deal supports its ​​plans to scale up its recycling technology through its first EUR 220 million flagship factory in Finland. 

<ul><li> Prior to this announcement, the company also reported partnering with PVH Europe to supply Inifinna for use in PVH’s Calvin Klein and Tommy Hilfiger brands. Last month, the company partnered with ​​Material science company Pangaia to launch a shirt manufactured using 100% Infinna.</ul>