AAT World

Textile production in Taiwan sees a boost in recycled plastic

 

More Taiwanese textile manufacturers are joining the trend to develop recycled products as the EU pushes the implementation of its “Strategy for Sustainable and Circular Textiles” in 2024, and the global textile sector targets a 45 percent reduction in carbon emissions by 2030.

Several local firms, which displayed environmentally friendly products at the Taipei Innovative Textile Application Show earlier this month, have followed in the footsteps of other global brands to incorporate environmental, social, and corporate governance principles into their business operations in response to the UN’s Sustainable Development Goals.

The companies include Far Eastern New Century Corp (FENC), Shinkong Synthetic Fibers Corp, Lealea Enterprise Co, Zig Sheng Industrial Co, and Formosa Taffeta Co, according to the trade show’s organizer, the Taiwan Textile Federation.

Yuanta Securities Investment and Consulting Co said in a note that recycled polyethylene terephthalate (R-PET) demand has been increasing, with prices rising three times higher than those of virgin materials.

 

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