Renewcell

Company Snapshot

Founded: 2012
Entity Type: Private
Employees: 130
Region: Asia
Revenue: $1.2 Millions
Revenue Year: 2022
Headquarter: Stockholm, Sweden
Key Geographics: Asia
Corporate Address: Cardellgatan 1 114 36 Stockholm Sweden www.renewcell.com

Company Overview

Renewcell is a Swedish textile recycling company and was founded in 2012. The company develops patented technology for textile recycling. This patented technology recycles the cellulose in used cotton fabrics and converts it into natural and biodegradable dissolving pulp. This dissolving pulp can be used as raw material for textile manufacturers. This product is called Circulose and is prepared from textile waste. Renewcell operates in a global market and exports its products to China, India, Germany, Japan, the U.S., and Austria. In August 2022, the company started its first commercial chemical textile recycling plant in Sweden. The company distributes its product through collaboration with partners.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
Operating Income: ***

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Renewcell In Reports

Global Textile Recycling Market

BCC Research Market Analyst says global market for textile recycling is expected to increase from $8.0 billion in 2023 to $11.1 billion by the end of 2028, with a CAGR of 7.0%.

Company's Business Segments

  • Dissolving pulp : Dissolving pulp is converted into man-made cellulosic fibers (MMCF) such as Viscose, Lyocell. Circulose Dissolving Pulp made of 100% Recycled Textile to Fiber producing customers.
  • Fiber : The Fibers are Spun into Yarn at a Yarn Producer like Lyocell Textile Fibers.

Applications/End User Industries

  • Environmental
  • Chemical Industry
  • Textile Industry
  • Recycling
  • Re-use
  • Cloth Industry
  • Apparel Industry
  • Climate
  • Yarn Industry
  • Textile Fiber
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