Daily Newsletter

22 July 2024

Daily Newsletter

22 July 2024

Alchemie Tech to expand presence in Taiwan, Bangladesh, Türkiye

UK-based clean dyeing firm Alchemie Technology has announced the opening of a new Taiwan office and has revealed plans to establish operations in Bangladesh and Türkiye as it expands its global footprint.

Hannah Abdulla July 22 2024

Alchemie Technology says Taiwan is a major textile hub in the Asia-Pacific region, with its industry placing a strong emphasis on R&D to foster innovation in new materials and textile technologies.

In addition to the new Alchemie Taiwan operations, the company has ambitious plans to establish operations in Bangladesh and Türkiye for cotton dyeing, as well as in Central America and Portugal for both polyester and cotton. These expansions will further enhance Alchemie’s global footprint and its ability to deliver sustainable textile solutions worldwide in the fight to significantly reduce the environmental impact of textile dyeing and finishing processes.

Earlier this year, Alchemie launched its Endeavour low-carbon digital textile dyeing production and officially opened its first-in-market production and demonstration facility in Taiwan, dedicated to dyeing woven polyester. Both initiatives represented significant milestones in Alchemie’s scaling-up journey. Alchemie’s Endeavour digital dyeing production process reduces the carbon footprint of dyeing by up to 85%, eliminating up to 95% of wastewater and decreasing the required amount of chemicals by up to 30%.

Following the establishment of its Taiwan operations, Alchemie has expanded its executive team with the addition of Ryan Chen as chief operating officer (COO) Asia. Ryan brings over 20 years of experience in the textile industry.

Dr Alan Hudd, founder and CEO of Alchemie Technology said: “Ryan's extensive experience and dedication to sustainability align perfectly with our mission to revolutionise textile dyeing and finishing processes. Under his leadership, we are confident in our ability to scale operations and make a substantial positive impact on the environment.”

Luxury Apparel Market Overview

Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies. Per our analysis, Hermes emerged as the uncontestable winner within the luxury apparel market, growing its share at an exponential rate in 2023.

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