# Inditex commits €100M to buy 30% of Infinited Fiber's recycled textile fibre Infinna

Inditex signed an agreement valued at over €100 million to purchase 30% of the production volume of Infinna fibre from Infinited Fiber Company over three years. Inditex will start buying Infinna in 2024 when Infinited Fiber's first large-scale factory begins operations.

- Type: Contract
- Announced: 2022-05-12
- Where: Finland
- Value: $105.0M (100.0M EUR)
- Status: announced
- Products: recycled textile fibre Infinna
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Inditex](https://endata.com/companies/30463.md) (customer)
- [Infinited Fiber Company](https://endata.com/companies/41376.md) (supplier)

## Sources

- [es.fashionnetwork.com](https://es.fashionnetwork.com/news/Inditex-invertira-100-millones-de-euros-durante-tres-anos-en-la-fibra-textil-reciclada-infinna,1405195.html), 2022-05-12: "Este compromiso de compra es significativo para los planes de Infinited Fiber de escalar su tecnología de reciclaje a través de su primera fábrica con gran capacidad industrial, que comenzará sus operaciones en 2024, fecha a partir de la cual Inditex empezará a comprar Infinna."

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