NTX™, a textile innovation&solutions company, completed a C2 funding round worth nearly USD 200 million(CNY1.35 billion), led by Centurium Capital.
NTX™, a global textile technology leader, announced the closing of a C2 financing round worth nearly USD 200 million (CNY1.35 billion), led by Centurium Capital. The funds will be used to fund operational needs to meet the rapidly rising demand of the expanding market and the construction of a globalized supply chain, news portal lieyun.com reported.
NTX™ is the first textile provider of digital transfer printing and dyeing technology, equipment, consumables, technical support and training total solutions in China. Its self-developed NTX™ Cooltrans™ printing and dyeing technology system has solved problems of water consumption, high energy consumption and pollution in the printing and dyeing industry. This system can significantly improve the efficiency of each link in the textile supply chain, shorten the lead time of finished products, and significantly reduce procurement and inventory requirements and costs.
In recent years, Southeast Asian markets have vigorously developed export-oriented economies, taking advantage of lower labor costs to undertake garment, electronics and other industries from China. As a result, many Chinese companies have actively laid out their industrial chains in Southeast Asia. NTX™ is one of the first leading textile manufacturing companies in China to start laying out production bases in Southeast Asia. Now it has set up production bases in Thailand, Cambodia, Indonesia and Vietnam.
NTX™ international competitors include Agile and Bombay Dyeing and domestic ones include Shenghong Group (Chinese:盛虹集团), Qingdao Phoenix printing and dyeing company(Chinese:青岛凤凰印染) and Saintyear Holding(Chinese:三元控股).