Traceability technology provider announces investment from Teijin
Fibres group Teijin is to invest in product traceability specialist Circularise. The Japanese group will also implement Circularise’s blockchain-based technology “to enhance the transparency and reliability” of its own supply chain.
Through this, Teijin said it would more easily be able to source raw materials with a lower environmental footprint to help make its products more sustainable.
It said it had been actively looking for partners with digital traceability platforms “to lead the industry in the realisation of a circular economy”.
For its part, Circularise said it, too, had been looking for partners to adopt its digital traceability platform.
“We are honoured to welcome Teijin Group as a strategic investor,” said one of the co-founders of Circularise, Jordi de Vos. “This collaboration reflects our shared vision for a transparent, traceable, and sustainable supply chain.”
