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EKO FILAMENTS – ENKA’S CONTRIBUTION TO THE TEXTILE INDUSTRY
Last year, the Company launched a new project to manufacture EKO® Fibers, with which we will provide the market an extensive portfolio of top quality and functional products.
Enka consolidates its sustainability strategy by turning into the largest PET recycling plant in South America. During the Colombiatex trade show, the Company introduced its EKO® Filaments, which are mainly used for swimwear and sportswear, highlighting the uniforms of different sports teams in Colombia. Indeed, Enka consolidates its sustainability strategy by turning into the largest PET recycling plant of South America, and introducing at Colombiatex its green products line. Part of this strategy involves the new project launched last year to manufacture EKO® Fibers, with which we will provide the market an extensive portfolio of top quality and functional products.
In addition, we are introducing our EKO® Filaments, which are mainly used for swimwear and sportswear, highlighting the uniforms of different sports teams in Colombia.
Enka is a Colombian company focused on a Circular Economy, with the largest PET recycling plant of South America, and is one of the major players of man-made fibers and filaments in Latin America. During Q3 of 2019, we launched the new project of EKO® Fibers, investing close to USD 6 million. Initially, we developed every product of the current portfolio and then we will proceed with new fibers and applications. With leading technology implemented, we will reach the market with a larger top-quality portfolio, complementing our supply of sustainable solutions for different solutions, mainly construction and linens. This will enable us to increase our exports of EKO® Fibers, which represented 50% of our revenue in recent years. EKO® Filaments in turn offer clients the chance to develop fashion with social and environmental responsibility, and give value to their brands which increasingly reach clients that are more demanding and committed, and prefer sustainable companies. Making us of the special hand, comfort and range of colors, EKO® Filaments are mainly used for swimwear and sportswear, and will be part of the uniforms of sports teams that will represent our country in different international events. Enka continues making novel products that stand out for their sustainability, high performance and added-value. Today, more than 50% of the products are made of recycled raw materials.
Enka presents its portfolio of green products at Andina Pack: sustainable resins from recycled PET bottles, caps and labels
Enka participates in the trade show Andina Pack with its portfolio of sustainable resins, which allows them to offer the industry innovative and high value-added solutions so that brands can meet their sustainability goals and commitments. This year, the company launched its new bottle-to-bottle PET recycling plant, which duplicates its EKO®PET capacity by 2.4 times,…
Sales of the new recycling plant are consolidated. EKO®PET sales volume increased 65%. Reduction in financial obligations of $57,557 million, mainly due to the normalization of inventory levels and the lower TRM. Net indebtedness closes at 2.7 times ebitda (3.5 times at the end of 2022). Clic here for the full report