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Shinkong Invests $10M in Ambercycle's New Facility to Commercialize Circular Polyester Innovation
Shinkong Synthetic Fibers Corporation, a global leader in polyester production, has invested $10 million in Ambercycle’s first state-of-the-art commercial facility. Shinkong’s contribution to the leading material science company’s facility will help expand global production capacity for its premium material made from end-of-life textiles. It builds on three years of collaboration that harnessed Ambercycle’s molecular regeneration technology and Shinkong’s extensive experience in the premium polyester market to jointly manufacture regenerated yarns and meet the growing demand for cycora® material.