The plant is part of a joint venture between Recover and textile manufacturer Intradeco to boost recycled materials and nearshoring.
Recover has launched a joint venture with textile manufacturer Intradeco. Предоставлено восстановлением
The companies added that the collaboration will benefit from the growing importance of the Central America region, where many brands are establishing production hubs. It’s designed to capitalize on the Dominican Republic-Central America Free Trade Agreement, or CAFTA-DR, per the release.
The processing plant’s location is close to textile waste and production streams, which Recover said allows the plant to operate in a cost-efficient manner with fast lead times. The companies added that the initiative will address the demand for nearshoring and help simplify brand’s compliance with the Uyghur Forced Labor Prevention Act, a 2021 law that generally bans products from the region over forced labor concerns.
Другие производственные центры REVELS расположены в Испании, Бангладеш, Вьетнаме и Пакистане. Компания открыла свое во Вьетнаме в начале этого года. Его инвесторы включают Goldman Sachs, Fortress Investment Group и Eldridge Industries.