# Infinited Fiber receives lead investment from RGE for technology scale-up

RGE Pte Ltd joins investors including H&M Group, Virala and Fortum to help Infinited Fiber Company scale up its technology that turns textile waste into new fibres. The company also leased facilities in Valkeakoski, Finland for a new 500-ton per year pre-commercial plant starting in early 2020.

- Type: Investment
- Announced: 2019-08-15
- Where: Valkeakoski, Southern Finland, Finland
- Starts operating: Q1 2020
- Status: announced
- Capacity: 500 tons per year
- Products: recycled textile fibres
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Infinited Fiber Company](https://endata.com/companies/41376.md)
- [Fortum](https://endata.com/companies/11212.md) (investor)
- [H&M](https://endata.com/companies/34140.md) (investor)
- [RGE Pte Ltd](https://endata.com/companies/41377.md) (investor)
- [Virala](https://endata.com/companies/41378.md) (investor)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/infinited-fiber-receives-lead-investment-from-rge/), 2019-08-15: "This new investment amount, the largest single IFC has received to date, supplements the earlier partnerships with H&M Group, Virala and Fortum, we announced in April this year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.