12 June 2024 12:00 am Views - 87
From left: MAS Holdings Sustainable Product Lead Nipuna Gunaratne, MAS Holdings Director Group Sustainable Business Nemanthie Kooragamage, MAS Holdings Chief Executive Officer Suren Fernando, Ambercycle CEO and Co-founder Shay Sethi and Ambercycle CTO and Co-founder Moby Ahmed
MAS Holdings, a global apparel manufacturing and tech conglomerate headquartered in Sri Lanka, has joined forces with Los Angeles-based materials science company Ambercycle to scale up textile-to-textile regeneration in the apparel industry.
The partnership, which centres around a three-year offtake agreement, reflects demand among large brands and manufacturers for new streams of high-quality next-gen materials made from textile-to-textile regeneration as well as MAS and Ambercycle’s commitment to working towards a sustainable future for the apparel industry.
The agreement allows MAS to reserve capacity to utilise Ambercycle’s circular polyester material cycora for its customer partners and enables Ambercycle to expedite efforts to reach commercial-scale production as quickly as possible.
The partnership also supports MAS’ ambitious sustainability strategy, the Plan for Change, featuring 12 measurable commitments under the pillars of Product, Lives and Planet, that the manufacturer aims to make a reality by 2025. The offtake agreement with Ambercycle will support one of the plan’s key objectives to derive 50 percent of MAS’ revenue from sustainable products by 2025.
“We’re committed to revolutionising apparel product creation and manufacturing and this collaboration is an important milestone for the industry to achieve circularity at scale,” said MAS Holdings Director of Group Sustainable Business Nemanthie Kooragamage.
MAS Holdings is the first apparel manufacturer to establish an offtake with Ambercycle in its efforts to commercialise circular polyester with speed, scale, quality and performance, providing a sustainable solution to reduce the amount of virgin polyester that enters the apparel supply chain. This partnership supports Ambercycle’s efforts in Asia, close to the value chain.
“Supply-chain partners play a crucial role in advancing our work to decarbonise fashion and minimise the impact of raw-material extraction on our environment,” added Ambercycle Co-founder and CEO Shay Sethi.