Centurium Capital Leads Investment in NTX™ in Latest US$200 Million C2 Round2022-08-01
Shanghai/Singapore, August 1, 2022 -- NTX™, a global textile technology leader, announced today the completion of nearly US$200 million in a C2 round of financing led by Centurium Capital, with additional contributions from existing shareholder NRL Capital. The funds will be used to accelerate growth and fund operational needs to meet the rapidly rising demand of the expanding customer base.
The funding was secured after the company successfully became a preferred supplier to global international brands such as Adidas. The company also demonstrated continued expansion of its textile manufacturing ecosystem developed around the waterless coloration technology - NTX™ Cooltrans™, with over 100 patents secured.
Headquartered in Shanghai, NTX™ aims to revolutionize the textile industry by introducing NTX™ Cooltrans™, a breakthrough waterless dyeing & printing system that delivers up to 90% in water savings, alongside a dramatic reduction in energy usage and the near elimination of water waste. With NTX™ Cooltrans™ as a foundation, the company has established a Southeast Asia-based ecosystem of textile processing plants to become the next generation sustainable, eco-friendly supply chain partner for the world’s biggest fashion and apparel brands.
Kalvin Chung, Chairman and Co-founder of NTX™ commented, “We welcome the latest round of funding and we’re excited about the future of NTX™. Over the years, we’ve seen NTX™ Cooltrans™ mature into a solution that satisfies and exceeds the requirements of some of the most demanding global brands in the marketplace. Just as important has been the development of our business models that today give us a clear path to scale up NTX™ into a global supply chain solution provider.”
Gary Liu, Managing Director of Centurium Capital, commented, “Through its proprietary dyeing technology, NTX™ brought about revolutionary innovation to the global textile supply chain, effectively solving the long-standing pain points of traditional textile manufacturing of high water and energy consumption and pollution. In addition, NTX™ adds significant value to the industry
by helping improve production efficiency and service capabilities. With ESG as an integral part of our ‘invest to transform’ investment thesis, we look forward to a long-term partnership with NTX to make positive contributions to the sustainable development of the global textile supply chain. ”
Plants and mills of the NTX™ ecosystem, which are rapidly expanding their presence in China and select Southeast countries such as Vietnam, Indonesia, Thailand and Cambodia, are increasingly becoming renowned for their eco-friendly practices, sustainability, and superior employee working conditions. This is inline with the vision NTX™ since its inception and aligned with the requirements that are increasingly in demand by global brands operating in the European Union, the United States and Asia-Pacific regions.
The management team of NTX™ has a rich background in the textile industry complemented by experiences with some of the world’s largest multinationals, with a proven track record of innovation and business development.
NTX™ continues to establish cooperation with a number of leading textile and garment enterprises, and provides services for dozens of leading international clothing brands. As the world of textile production evolves and new environmental requirements, resource and energy use constraints, and business practice demands are revealed, NTX™ has demonstrated its comprehensive leading edge to meet challenges ahead.
NTX™ is committed to creating revolutionary textile solutions through continuous research and innovation that are ecologically and economically sustainable. The company is driven to achieve a zero-waste benchmark by conserving energy, and reducing and eliminating water use, while never compromising performance or functionality. Its automated and modularizable system solutions allow for local-to-local production, further shortening lead times and cutting down on transportation emissions. Cost is often the unmentionable C word for sustainability, NTX™ believes that sustainability and economics must go hand-in-hand to materialize clean eco-conscious solutions into reality. For more information, please visit www.ntx.global
About Centurium Capital
Centurium Capital is a leading private equity investment firm in China and primarily focuses on investing in China's healthcare, technology, consumer and business services sectors. As a transformational capital provider with a focus on business model innovation and resolving structural deficiencies to unlock growth potential, Centurium pursues a hands-on and operations-centric investment approach to drive value creation and generate long term shareholder value. For more information, please visit www.centurium.com