Textile dyeing innovator NTX™ raises US$200 million

YarnsandFibers News Bureau 2022-08-02 06:08:00 – Singapore

Textile dyeing innovator, NTX™, announces the completion of nearly 200 million US dollars in a C2 round led by Centurium Capital, with additional contributions from existing shareholder NRL Capital. Index Capital was the sole financial advisor. The cash will be utilized to fulfill the fast increasing demand of the expanding client base.

After successfully becoming a favored supplier to large multinational companies such as Adidas, the money was secured. The firm also showcased the continuous growth of its textile production ecosystem, which was built around the waterless colouring technology NTX™ Cooltrans™.

Gary Liu, Managing Director of Centurium Capital, said that NTX™ introduced innovative dyeing technology to the global textile supply chain, successfully addressing conventional textile manufacturing's long-standing pain points of high water and energy consumption, as well as pollution. Furthermore, NTX brings substantial value to the industry by assisting in the improvement of production efficiency and service capabilities. They look forward to long-term cooperation with NTX to make good contributions to the sustainable growth of the global textile supply chain, with ESG as an intrinsic component of their 'invest to change' investment philosophy.

NTX™ has transformed the textile industry by launching NTX™ Cooltrans™, a revolutionary waterless dyeing and printing method that saves up to 90% of water while also reducing energy consumption and almost eliminating water waste. Using NTX™ Cooltrans™ as a basis, the firm has built a Southeast Asia-based ecosystem of textile processing factories to become the next-generation sustainable eco-friendly supply chain partner for some of the world's largest fashion and clothing companies.

NTX™ serves as a full-service provider of environmentally friendly textile processing solutions by implementing best practices, technical competence, staff training, raw material procurement, and market possibilities across its ecosystem.

Kalvin Chung, Chairman and Co-founder of NTX™, said that they’re pleased with the newest round of fundraising and optimistic about the future of NTX™. NTX™ Cooltrans™ has matured over the years into a solution that meets and surpasses the standards of some of the most demanding worldwide brands in the industry. Equally crucial has been the evolution of our business models, which now offer us a clear route to build NTX™ into a worldwide supply chain solution provider.

The financing is especially timely given the textile industry's recent statements about green efforts throughout the world.

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