Maharashtra, Mumbai (August 28, 2024) – Avgol Industries and Welspun Living, a division of the Welspun Group, which is acknowledged as a leader in Environmental, Social, and Governance (ESG) principles, have formed a strategic alliance to promote sustainable solutions in the non-woven industry. Avgol, a division of Indorama Ventures Group, is a world leader in high-performance spun-melt nonwoven textiles. An exclusive fibers and nonwovens partner of British technology company Polymateria, which has demonstrated success in creating biodegradable plastic substitutes, is Indorama Ventures.
The innovative Biotransformation TechnologyTM for polyolefins from Polymateria will be essential to the strategic sustainability initiatives. Manufacturers of cutting-edge composite materials benefit from exciting new advantages brought forth by Biotransformation TechnologyTM, including wiping applications from Avgol. End-of-life issues with plastic waste management are addressed by Avgol wipes with Biotransformation TechnologyTM, which breaks down into organic components in an open environment.
“Welspun is committed to leading the industry with our commitment to sustainability and customer excellence,” said Keyur Parekh, CEO of Global Business at Welspun Living. Through our collaboration with Avgol, we are establishing a new benchmark for providing creative, eco-friendly solutions that satisfy the changing demands of customers worldwide.
“This collaboration brings a unique technology to market that we’ve been developing for two years,” stated Avgol Industries CEO Sivan Yedidsion. We’re sure that working together will result in more creative and environmentally friendly product concepts. This program is a component of Avgol’s larger plan to broaden its line of products within the wipes industry.
“This partnership represents a significant leap in addressing end-of-life challenges for non-woven materials, demonstrating how cutting-edge science can provide practical environmental solutions while creating more sustainable products,” said Richard Horne, CEO and global CCO of Polymateria, India. Our combined effort over the past several years has brought us a significant step closer to Polymateria’s objective of working with our key partners to address the 100 million tonne trash crisis annually.
Welspun Please email mitej_gala@welspun.com.
Jonas Larue may be reached at jonas.larue@avgol.com.