On September 29th, NTX™, a global textile technology leader, announced the completion of a Series C1 financing round of hundreds of millions of dollars, led by NRL Capital, with Index Capital acting as the exclusive financial advisor. The financing funds will be used to build a globalized international brand supply chain.
The textile industry is "long, slow and highly fragmented", and the printing and dyeing process is the "throat" of the integrated textile supply chain
After the outbreak of the epidemic, the global supply chain was dysfunctional and international brands required their supply chains to be globally laid out. A single supply chain or region could no longer cope with the challenges of the epidemic, and although the weaving production of embroidery fabrics could be supplied globally, the printing and dyeing link was the throat that held back the textile and apparel supply chain from being globally laid out.
International head clothing brands have tens of thousands of SKUs of fabric development every year, and once the basic composition of fabric has changed, the production process will change accordingly, leading to the long tail of the printing and dyeing industry, with long production cycles and the need to rely heavily on the experience of skilled workers, and the existence of a large number of non-standard production processes, the brand and its supply chain often need to bear a large number of goods and raw materials inventory, and a large backlog of funds.
Technology Empowerment, Restructuring Textile Supply Chain, Global Layout of Production Bases
NTX™ solves the above-mentioned pain points of the printing and dyeing industry with its developed cold transfer printing and dyeing technology: empowering the global textile supply chain with technology, solving the problems of high water consumption, high energy consumption and high pollution in the printing and dyeing industry, improving the responsiveness and production efficiency of the supply chain, and adopting different business strategies for different markets:
Stock market: Targeting the three trillion USD textile and garment stock market, the company gives priority to cutting into international head brands, empowering brand garment factories, integrating garment and fabric production, reducing raw material and finished goods inventory, improving product gross margin gold and capital turnover efficiency, forming a win-win situation for both brands and supply chain.
Incremental market: The biggest pain point of the incremental market driven by cross-border e-commerce and online e-commerce brands is the supply of printed and dyed fabrics, the embryo fabric belongs to raw materials before dyeing and becomes inventory after printing and dyeing. E-commerce platforms must build up a backlog of colored fabrics or ready-made garments for quick delivery to shorten the production cycle, so that they cannot meet the demand for quick feedback for small orders. Cold transfer printing and dyeing technology has a large number of customized production capacity to solve the problem of rapid production of printed and dyed fabrics and to empower the development of cross-border e-commerce.
Equipment market: Cold transfer printing and dyeing equipment solves the pain points of high water consumption, energy consumption, pollution and high homogeneity of products in the textile industry from the source, improves quality and unit price, low energy and water consumption production equipment and technology allows enterprises to double production capacity without water consumption limitation, improves production profit and meets the targets of green manufacturing and carbon emission reduction.
Garment textile is the key industry of "carbon neutrality", new environmental technology is the only solution
In the production process of a garment, 90% of carbon emission comes from the production of fabric, and 90% of carbon emission in fabric production comes from the printing and dyeing finishing process. In the context of the global strategy of "carbon neutrality" in the textile industry, only innovative and sustainable printing and dyeing technologies can achieve a revolutionary breakthrough in the industry.
NTX™ is now a certified supplier to Adidas, providing them with a full range of waterless printing and dyeing technology solutions. After years of close technical and quality validation, NTX™ can effectively help brands to gradually achieve the carbon emission target set by the EU.
The technology of NTX™ enables the textile industry to significantly reduce the carbon emissions of the production process, promotes the transformation and upgrading of the textile industry towards high-end, intelligent, green and internationalization, and also provides a clear technology roadmap for China's textile printing and dyeing industry to achieve the 3060 target.
International brands dominate the distribution and structure of the global textile industry, with extremely high barriers to entry and the epidemic catalyzing the demand for globalization of the supply chain
New technologies, new techniques and new materials in the textile industry have always been led by the head super brands, and large international brands have extremely stringent requirements on product quality, environmental protection, timeliness and many other indicators. Take Adidas as an example, its supply chain system has a very high entry barrier, and NTX™ has become its certified supplier and established a global supply chain of apparel fabrics for many international brands with its years of experience in leading technology capabilities.
NTX™'s cold transfer printing and dyeing technology is rated as the world's lowest environmental and social impact printing and dyeing technology, as measured by the Higg Index, a key technical indicator used by the international organization Sustainable Apparel Coalition (SAC) to assess the environmental and social impact of apparel and footwear products.
Up to now, NTX™ has joined hands with several global apparel and textile industry groups to upgrade the textile printing and dyeing industry and transform the supply chain with revolutionary technology, enabling the brand supply chain to achieve localized and rapid response production capacity globally.
An international team with both technological capabilities and industrial background leads NTX™ to establish a global leadership position
The global supply chain layout requires an extremely strong international team, and NTX™ management team has rich background in textile industry and experience in Fortune 500 companies. Chairman Kalvin Chong is the core technical soul of the company and has developed a revolutionary and innovative cold transfer printing and dyeing technology, leading the development direction of the group. Yanan Lai, the general manager of the marketing center, was in charge of the development of the Asia-Pacific textile business at Bayer Group and is now responsible for supply chain layout and joint venture planning. Ryosuke Chono, head of business development for casual wear brands, is a former executive of Toray Group in Japan. David Yeh, head of the Yeh Group in Thailand, is now CEO of the NTX Singapore company. Peter Decorte, former General Manager of Puma Asia, is responsible for global brand fabric supply chain operations. Jeffrey Hsu, head of innovative marketing, has worked for well-known textile companies in Europe and the United States, and is responsible for developing the Group's innovative material applications and serving international brands.
Under the leadership of the core team, NTX™ has always been at the forefront of innovation and exploration in the industry. Up to now, NTX™ has obtained nearly 100 domestic and international patents, which has established NTX™ as the leading cold transfer printing and dyeing technology in the international arena.
Lin Xianghong, founding partner of NRL Capital, the lead investor of this round of financing, said that the consumer technology track is one of the key tracks of NRL Capital. NRL focuses on core node projects with high competitive barriers and driven by technological innovation, starting from the supply chain and underlying technology, and also incorporates ESG into its investment evaluation system, focusing on the economic value of enterprises as well as their social responsibility value.
The apparel industry chain is deep and long, and the printing and dyeing process is one of the most critical cost and time nodes in the whole industry chain. NTX™ has been working on the underlying technology for more than 20 years, providing the industry with more efficient, high-quality and low-cost printing and dyeing technology, while leading the continuous iteration and optimization of low-carbon environmental protection cold transfer technology, which has been recognized by many international leading brands. In addition, it has shown more commercialization potential in the fields of fabric distribution, new brand incubation and designer cooperation. With the advancement of Emission Peak and Carbon Neutral, we believe that NTX™ will link multiple parties with technology from the fields of printing and dyeing equipment, AI-enabled garment processing, waterless technology, functional materials, fast feedback supply chain innovation, etc., to continuously empower and reshape the textile industry chain and build the most competitive ecological platform in the field of consumer technology.
