Swedish company to set up textile recycling unit in Vietnam
Vietnam’s Binh Dinh province has signed an investment cooperation MoU with Sweden’s Syre Group on a polyester fabric recycling project, with a capacity of 250,000 tonnes per year and an investment of $1 billion. It is expected to be operational by 2028 end. The group will collect textile waste from India, Spain, Indonesia and the Philippines, and solve issues related to raw material imports.
Vietnam’s Binh Dinh province has signed an investment cooperation MoU with Sweden’s Syre Group on a polyester fabric recycling project, with a capacity of 250,000 tonnes per year and an investment of $1 billion.
It is expected to be operational by 2028 end.
The group will collect textile waste from India, Spain, Indonesia and the Philippines, and solve issues related to raw material imports.
