Rejlers awarded major EPCM contract for Infinited Fiber Company’s circular textile fiber factory investment
Rejlers Finland and Infinited Fiber Company, planning to build a circular textile fiber factory in Kemi, Finland, have signed a letter of award regarding engineering, procurement, and construction management services for the investment.
Fashion and textile technology company Infinited Fiber Company turns trashed textiles into premium-quality fiber for the textile industry using its patented technology. Infinited Fiber breaks waste down to molecular level and captures its value by giving it new life as Infinna™ textile fiber that looks and feels like cotton and is known scientifically as cellulose carbamate fiber. While Infinited Fiber focuses on using cotton-rich textiles as feedstock, the technology can also turn other cellulose-rich materials – old newspapers, used cardboard, crop residues like rice and wheat straw – into new fiber.
For Rejlers, the estimated project schedule is 22 months and the estimated value for Rejlers is approximately EUR 50 million. The project is expected to start in the autumn 2023. Project preparations start in the spring. Rejlers in Finland will be leading the project involving the whole Rejlers Group. Infinited Fiber expects to start commercial Infinna™ deliveries from the Kemi factory in January 2026.
“We very much look forward to this cooperation. This extensive project represents circularity, modern technology and new venture and encompasses EPCM delivery – all of these aspects are attractive for us and in line with our strategy. Rejlers’ EPC and EPCM portfolio has increased substantially over the last years,” says Mikko Vaahersalo, CEO Rejlers Finland.
“Selecting Rejlers as the EPCM partner for our EUR 400 million Flagship factory project was a result of thorough consideration. Their leading expertise in delivering complex EPCM projects make them an ideal partner to help us build the world’s first Infinna™ fiber factory, which is a key steppingstone to scaling up our production capacity,” says Petri Alava, CEO of Infinited Fiber Company.
The new factory, at the site of a discontinued paper mill in Kemi, will have a capacity of 30,000 metric tons of Infinna™ annually, equivalent to the fiber needed for about 100 million T-shirts. The future factory’s customer-base includes several of the world’s leading apparel companies, with most of the future production capacity already sold out for several years.
For further information, please contact:
Viktor Svensson, President and CEO Rejlers AB, +46 70 657 20 26, viktor.svensson@rejlers.se
Mikko Vaahersalo, CEO, Rejlers Finland, + 358 (0) 44 425 3143, mikko.vaahersalo@rejlers.fi
Malin Sparf Rydberg, Director of Communications, +46 (0) 70 477 17 00, malin.rydberg@rejlers.se
This information is information that Rejlers AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10.30 CET on March 6, 2023.
About Rejlers
Rejlers is one of the leading engineering consultancy firms in the Nordic region. With cutting-edge expertise, we help companies, public authorities and other organisations meet tomorrow's societal challenges. Our services are important building blocks for achieving a sustainable society. Founded in 1942, Rejlers success is built on the ability to constantly embrace new knowledge. Our vision "Home of the learning minds" guides us to continuous learning, development and growth. With operations in Sweden, Finland, Norway and the United Arab Emirates, Rejlers has 2800 experts in technology areas such as energy, industry, infrastructure and real estate. In 2022, the company had a turnover of 3.5 billion SEK and its class B share is listed on Mid Cap, Nasdaq Stockholm. www.rejlers.com
