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Sep 29, 2021 09:25 AM (GMT+8) · EqualOcean
On September 29, global textile technology leader Changsheng Technology (NTX) ™) Announced the completion of a round of C1 financing of hundreds of millions of yuan. This round of financing is led by Newell capital and index capital as the exclusive financial adviser. The financing funds will be used to build a global international brand supply chain. Changsheng Technology (NTX ™) Solve the pain points of the printing and dyeing industry with its R & D cold transfer printing and dyeing technology: empower the global textile supply chain with technology, solve the problems of high water consumption, high energy consumption and high pollution in the printing and dyeing industry, and improve the response capacity and production efficiency of the supply chain. In the production process of a garment, 90% of the carbon emissions come from the production of fabrics, and 90% of the carbon emissions in the production of fabrics come from the links of printing, dyeing and finishing. Under the global strategic background of "carbon neutralization", only innovative and sustainable printing and dyeing technology can realize the revolutionary breakthrough of the textile industry. Changsheng Technology (NTX) ™) The technology enables the textile industry to significantly reduce carbon emissions in the production process, promote the transformation and upgrading of the textile industry towards high-end, intelligent, green and international, and also provide a clear technical roadmap for China's textile printing and dyeing industry to meet the 3060 double carbon standard. Lin Xianghong, founding partner of Newell capital, a leading investor in this round of financing, said that the consumer technology track is one of the key tracks of Newell capital. The rapid change of the consumer market will bring a large number of opportunities in the supply chain, channels and brands. The key layout starts from the supply chain and underlying technology, and has a core node project driven by high moat and technological innovation.

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