COLOMBO, SRI LANKA and LOS ANGELES , June 5, 2024-

MAS Holdings, a global apparel manufacturing and tech conglomerate headquartered in Sri Lanka, has joined forces with Los Angeles-based materials science company Ambercycle to scale up textile-to-textile regeneration in the apparel industry. The partnership, which centers around a three-year offtake agreement, reflects demand among large brands and manufacturers for new streams of high-quality next-gen materials made from textile-to-textile regeneration, as well as MAS and Ambercycle’s commitment to working towards a sustainable future for the apparel industry.

The agreement allows MAS to reserve capacity to utilize Ambercycle’s circular polyester material cycora® for their customer partners and enables Ambercycle to expedite efforts to reach commercial-scale production as quickly as possible. The partnership also supports MAS’s ambitious sustainability strategy, the Plan for Change, featuring twelve measurable commitments under the pillars of Product, Lives, and Planet, that the manufacturer aims to make a reality by 2025. The offtake agreement with Ambercycle will support one of the plan’s key objectives to derive 50% of MAS’ revenue from sustainable products by 2025.

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