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Stock impact report

Can Syre Succeed Where Renewcell Failed? [Yahoo! Finance]

Unifi, Inc. New (UFI) 
Last unifi, inc. new earnings: 4/30 05:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.unifi.com/investor-overview
Company Research Source: Yahoo! Finance
The collapse of Renewcell, which until recently transmuted clothing castoffs into sheets of dried pulp that could be dissolved to create viscose, rayon and other man-made cellulosic fibers, has been preying on his mind. Shortly after the Swedish company revealed that it would be declaring bankruptcy , H&M Group, its largest stakeholder, announced that it was linking arms with investor group Vargas Holdings to launch a new venture to ramp up the production of textile-to-textile recycled polyester. The retailer currently sources its recycled polyester from bottle-to-textile recycling, which has come under fire for nicking old plastic bottles from the more efficient and repeatable process of making new soda or water containers. More from Sourcing Journal Is Textile Recycling in the UK Really About to Collapse? 'A Mixed Bag': Why Consumer Demand for Sustainability is Stagnant Navigating the Complexities of Sustainability Legislation The timing was likely coincidental, but it st Show less Read more
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