Bast Fibre Technologies secures strategic investment to expand hemp fiber capacity

Bast Fibre Technologies closed a strategic financing with Ahlström Capital to expand fiber manufacturing capacity at its facilities in Lumberton, North Carolina and near Düsseldorf, Germany. The investment will enable production of over 10,000 metric tons of Sero hemp fiber per year by 2023 and up to 50,000 metric tons annually by 2026.

“The market for natural fibers is set for rapid growth, and this highly strategic funding will help BFT to solidify its position and further accelerate its expansion.”wwd.com

• 1 source
• wwd.comHemp Producer Bast Fibre Secures Strategic Investment to Expand OutputArthur FriedmanSep 3, 2019

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