Recover outlines ambitious expansion plans
11/05/2022
The facility has been equipped with the Spanish company's proprietary machinery, as well as RColorBlend installation, Recover’s technology that provides fibre blends with colour.
Helped by a recent partnership with investment manager STORY3 Capital, the facility will help Recover support the rising demand for sustainable fibres.
Alfredo Ferre, CEO of Recover, said: “The facility in Bangladesh is just one step in Recover’s ambitious expansion plans.
“In addition to our existing facilities in Spain and Pakistan, we are excited to announce the opening of a new manufacturing hub in Vietnam and a second facility in Bangladesh this year. Operations in Spain will also be expanded with greater investment in product development and further strategic alliances and business partners established globally.”
Image: Recover’s new facility in Bangladesh