View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 1, 2021

H&M Group invests in green dyeing and finishing specialist

By Beth Wright

H&M Group has invested in Alchemie Technology, a global disruptor of textile dyeing and finishing technology, to support the firm’s commercial roll-out and accelerate the transformation of the profile of textile manufacturing worldwide.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The Swedish fashion retailer has invested in the firm through its investment arm H&M CO:LAB alongside At One Ventures, a San Francisco-based venture capital fund focused on disruptive technologies that combat climate change.

Alchemie Technology develops clean-tech textile manufacturing processes using advanced digital technology. Its industrial solutions are said to provide a unique value proposition to textile manufacturers, with a lower cost, higher throughput, and radically more sustainable alternative to traditional textile processing. With the addition of software services to digitalise the supply chain, it is also enabling the move to fully connected digital manufacturing.

The firm says the investment will drive the commercial roll-out of its disruptive digital manufacturing products in the global market: Endeavour smart waterless dyeing and Novara precision digital finishing. 

Alchemie’s Endeavour smart waterless dyeing technology allows garment manufacturers to eliminate the production of contaminated wastewater and dramatically reduce the carbon footprint from dyeing. Demonstrated to radically reduce lead times and enable lower minimum order sizes, alongside a 50% cost saving compared to traditional technologies, the Endeavour solution has been well received by textile manufacturers and fashion brands worldwide, the firm says.

Alchemie has also seen a surge in market demand for its Novara precision digital finishing technology. The technology enables significant energy and materials savings compared to traditional technologies, which radically reduces the impact of fabric finishing on the environment and reduces cost, Alchemie says.

Both Endeavour and Novara are currently available for implementation, and there is a pipeline of additional sustainable fabric finishing innovations progressing to market based on the Novara technology including technologies that deliver eco-friendly, fluorine-free water repellents and advanced bio-based functional finishes.

“We are very pleased that At One Ventures and H&M CO:LAB have invested in Alchemie at this pivotal point in the commercial roll-out of our sustainable dyeing and finishing solutions,” says Dr Simon Kew, managing director of Alchemie Technology. “The textile manufacturing industry has a significant impact on the environment, and with our Endeavour and Novara technologies, we are disrupting manufacturing processes that are responsible for over 3% of global CO2 emissions and 20% of global water pollution. Our solutions both dramatically reduce the environmental impact and radically reduce cost for dyeing and finishing, which has proven to be a compelling combination in the global textile industry.

“We are building on the momentum we have generated in the market with successful commercial trials of our fabrics and are looking forward to rolling out the first global commercial installations this year.”

Nanna Andersen, head of H&M CO:LAB, H&M Group, adds: “Alchemie Technology is pioneering a truly breakthrough and cost-effective approach to solving a longstanding sustainability issue in the supply chain for textile products. We are excited to partner with Alchemie and support innovation that addresses some of the largest carbon footprint contributors of the textile industry: dyeing and finishing. The commercial implementation of their game-changing technology not only aligns perfectly with the H&M group’s vision to become fully circular, but also has the potential to benefit the entire textile industry.”

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style