A series C2 investment round headed by Beijing-based private equity company Centurium Capital and featuring existing stakeholder NRL Capital, which has its headquarters in Suzhou, has secured over $200 million for Singaporean textile technology vendor NTX.
According to the company, the money was obtained in appreciation of NTX’s standing as a preferred supplier for brands like adidas and will help it meet the needs of its growing customer base. For instance, the business informed Inside Denim that the completion of NTX’s new Cambodian facility, a joint venture with Hong Kong’s Luenthai known as Luentech Textiles Solutions, is anticipated for mid-August. The Cooltrans “waterless” coloration technology, a flagship offering from NTX that requires no heat and boasts a 90 percent reduction in water usage without sacrificing hand-feel or performance, has been fully considered in the design of this groundbreaking complex.
In a statement, Centurium Capital’s managing director Gary Liu referred to Cooltrans as innovative. He continued, “We look forward to a long-term cooperation with NTX to contribute positively to the sustainable growth of the international textile supply chain. Co-founder and chairman of NTX, Kalvin Chung, said, “Over the years, we’ve seen Cooltrans evolve into a solution that satisfies and surpasses the standards of some of the most demanding worldwide brands in the marketplace.” “We are grateful for this most recent round of funding and enthusiastic about the future. NTX is currently on a clear path to being a leading provider of supply chain solutions globally.