Friday, April 4, 2025

MAS Holdings teams up with Ambercycle

Sign Circular Polyester Offtake agreement:

by malinga
June 16, 2024 1:05 am 0 comment 633 views

MAS Holdings and the Ambercycle team at the signing of the offtake partnership. (From left): Sustainable Product Lead, MAS Holdings, Nipuna Gunaratne, Director, Group Sustainable Business, MAS Holdings, Nemanthie Kooragamage, CEO, MAS Holdings Suren Fernando, CEO and Co-founder, Ambercycle, Shay Sethi, and CTO and Co-founder, Ambercycle, Moby Ahmed

MAS Holdings, a global apparel manufacturing and tech conglomerate headquartered in Sri Lanka, has joined forces with Los Angeles-based materials science company Ambercycle to scale up textile-to-textile regeneration in the apparel industry.

The partnership, which centres around a three-year offtake agreement, reflects demand among large brands and manufacturers for new streams of high-quality next-gen materials made from textile-to-textile regeneration, as well as MAS and Ambercycle’s commitment to working towards a sustainable future for the apparel industry.

The agreement permits MAS to reserve capacity to use Ambercycle’s circular polyester material cycora for their customer partners and enables Ambercycle to expedite efforts to reach commercial-scale production as quickly as possible.

MAS Holdings Director of Group Sustainable Business, Nemanthie Kooragamage said, “We’re committed to revolutionising apparel product creation and manufacturing, and this collaboration is a milestone for the industry to achieve circularity at scale.”

MAS Holdings is the first apparel manufacturer to set up an offtake with Ambercycle in its efforts to commercialise circular polyester with speed, scale, quality, and performance, providing a sustainable solution to reduce the amount of virgin polyester that enters the apparel supply chain.

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