Bast Fibre Technologies secures strategic investment from Ahlström Capital
Bast Fibre Technologies Inc. (BFT) closed a strategic financing with Ahlström Capital of Finland to expand fiber manufacturing capacity at its facilities in Lumberton, North Carolina, and near Düsseldorf, Germany. The investment aims to increase production to over 10,000 metric tons of sero hemp fiber per year by 2023 and up to 50,000 metric tons per year by 2026.
Capacity
10,000 metric tons per year by 2023, 50,000 metric tons per year by 2026
Productssero hemp fiber
“Bast Fibre will use the capital from the investment to begin work to expand fibre manufacturing capacity at its US-flagship facility in Lumberton in North Carolina and its EU-facility near Düsseldorf in North Rhine-Westphalia.”torys.com
- 4 sources
- torys.comAhlstrom Capital makes strategic investment in Bast Fibre Technologies | | Torys LLPOct 12, 2022
- industryintel.comBast Fibre secures Ahlstrom Capital investment to become world's largest specialty hemp fiber processor, purifier; investment to expand fiber production for nonwovens to 50,000 tonnes/year by 2026 at Lumberton, North Carolina, Dusseldorf, Germany, sitesRandy RobinsonOct 12, 2022
- textileworld.comBast Fibre Technologies Secures Strategic Investment From Ahlström Capital | Textile WorldJim BornemanOct 13, 2022
- bangladeshtextilejournal.comCanadian hemp fibre manufacturer secures funding - Bangladesh Textile Journal | News and Analysis | Research Articles | InterviewsBTJ
Summarized from public sources; check the original articles before acting on it.
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