Textile innovator NTX raises US$200m​

©NTX

NTX, a Shanghai-based textile technology business, has announced the completion of a US$200m funding round led by Centurium Capital. Existing shareholder NRL Capital provided additional funding. The funds will be used to fund operational needs to meet the rising demand of an expanding customer base.

NTX Cooltrans(®)

NTX specialises in textile digital transfer printing and dyeing technology, and has more than 70 domestic and global inventions and application patents. The company has introduced a waterless dyeing and printing system that delivers up to 90 percent in water savings, alongside reduction in energy usage and the virtual elimination of water waste. NTX has also established a Southeast Asia-based ecosystem of textile processing plants which, the business claims, will, “become the next generation sustainable eco-friendly supply chain partner for some of the world’s biggest fashion and apparel brands.”

The funding was secured after the company successfully became a preferred supplier to global international brands such as Adidas.