TAU announces 2 investments in textile dyeing technology

YarnsandFibers News Bureau 2022-08-28 20:27:40 – United Kingdom

TAU Investment Management, LLC, a New York and Hong Kong-based company, announced agreements for two investments that will be made at the same time in extremely sustainable, waterless textile dyeing. TAU will buy large stakes in both DyeCoo Textile Systems, B.V., and CleanDye Holding, B.V. through a special purpose company it established and manages as part of its plan to finance the future's transparent, accountable, and sustainable supply chains.

TAU joins other investors including Ingka Investments, the investment division of the Ingka Group, together with Nike and Otto Group, as well as clients like Decathlon, bonprix, Adidas, and others.

Twenty percent of industrial water contamination worldwide is caused by the dyeing and handling of textiles nowadays. Due to its unique DyeOx technology, which enables chemical- and water-free textile dying, DyeCoo has earned the respect of some of the biggest merchants and top manufacturers who share its commitment to environmentally friendly technology.

Through its fully owned subsidiaries, CleanDye runs the first textile dying plant ever designed specifically to employ DyeCoo's waterless and chemical-free DyeOx technology, which was developed in Vietnam. With the use of DyeOx technology, CleanDye is able to provide its clients fabrics that are dyed without the need for water, chemicals, or wastewater discharge in a safe environment, all while saving 50% on energy costs and being geographically distant from water sources.

TAU CEO Oliver Niedermaier said that this is a rare opportunity to help two groups introduce a new element of sustainability to the apparel sector. They anticipate further potential to apply the technology in different industries, like the automobile and beverage industries.

In addition to the geographic flexibility and cost advantages this technique offers, Ken Katz, TAU's head of Asia investment, said that they’re greatly decreasing the environmental footprint with this patented dying method. Compared to conventional water dyeing techniques, DyeOx technology is quicker and produces higher color density.

Katz added that this technology leads in better-quality products, lower environmental impact, increased regional flexibility, and cost savings. That is a really significant advantage.

Christian Ehrenborg, Senior Investment Manager, Ingka Investments, said that they look forward to having Tau join as an investor given the industry knowledge, extensive network, and deep understanding of sustainable supply chains it provides. Tau's particular industrial expertise will offer a useful viewpoint.

Rien Jansen, bonprix Group Managing Director, said that with Tau's vision and dedication to sustainability, this new relationship underlines bonprix/Otto Group's own commitment to assist enable the change of the garment sector to be more ecologically responsible and sustainable. Scaling this kind of environmentally friendly manufacturing technology is crucial to the goals of their company and the sector as a whole, in their opinion.

In accordance with the agreement, TAU will become a member of the boards of directors of DyeCoo and CleanDye and actively participate in providing its knowledge of responsible supply chain technologies and network of business contacts. The investments' terms were kept a secret.

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