H&M-backed Syre’s Vietnam plant offers recycling alternative to China
Supply Chain
Nike top client as Swedish startup plans $750m facility targeting fast fashion, autos
Pedestrians pass an H&M store in Stockholm. The Swedish fast-fashion giant founded recycler Syre, which plans a $750m plant in Vietnam to expand polyester textile reuse beyond China. © Reuters
HO CHI MINH CITY — H&M-backed startup Syre said its planned $750 million factory in Vietnam will get its first “shovel in the ground” in 2027 to offer a recycling alternative to China for clients from Nike to Target.
