Infinited Fiber Company (IFC) is looking for a location in Finland to build a flagship factory to produce its unique, regenerated textile fibres for the global market. The company will decide on the location by September. 

The plant’s entire output is intended for export and the company is currently negotiating offtake agreements with several global fashion and textile brands. It believes agreements will be in place before the end of 2021, securing the factory’s entire output capacity for several years.

The total investment for setting up the plant are estimated at around €220 million and expects its currently ongoing evaluation into financing options for the plant to be completed soon. The plant is expected to be operational in 2024.

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