Press Release 08 April 2013

IKEA GreenTech venture capital invests in innovative waterless textile dyeing system

IKEA GreenTech announced today that it has invested in DyeCoo Textile Systems, a Dutch company that has developed the first commercially available waterless dyeing technology. Using recycled carbon dioxide (CO2), the technology avoids the large amount of water and chemicals used in traditional dyeing processes.

"DyeCoo's waterless dyeing technology is a truly innovative system that could bring real environmental and costs benefits for the textile industry by reducing water and chemical use. Through the partnership, IKEA will help to speed up the development and availability of the technology," says Christian Ehrenborg, Managing Director, IKEA GreenTech AB

The investment will support the delivery of the IKEA Group Sustainability Strategy, People & Planet Positive, which includes challenging commitments for IKEA to make its products, operations and supply chain more sustainable. The significant potential of the waterless dyeing process has also been recognised by the world's leading apparel and footwear brand, NIKE, Inc. which invested in DyeCoo in 2012. Nike's strategic partnerships group worked closely with IKEA GreenTech throughout the investment process.

The textile industry is one of the largest consumers of water and most of the world's textile suppliers are located in Asia. The scale of the industry's activity in the region can put pressure on the availability of clean water and contribute to environmental pollution in the discharges from manufacturing processes. By removing the need to use water in the dyeing process and eliminating the risk of effluent discharge, a known environmental hazard, the DyeCoo system could bring significant benefits to the region.

"IKEA strives to have a positive impact on people and the planet. By helping to scale the DyeCoo system for use with larger production volumes, we could help to make a big difference for the environment as well as workers and communities around textile facilities," says Steve Howard, Chief Sustainability Officer, IKEA Group

Nike's VP of Sustainable Business & Innovation, Hannah Jones, welcomed IKEA as a partner in DyeCoo Textile Systems.

"IKEA's decision to invest in this technology signals an exciting step in cross-industry collaboration. A key objective for Nike, when investing in DyeCoo, was to scale the technology to benefit consumers, business and the environment. We're delighted IKEA shares a similar objective to accelerate development of more sustainable materials and manufacturing processes."

The first range of machines developed and manufactured by DyeCoo are for waterless dyeing of polyester fabric. As well as helping to scale the processes for dyeing polyester, the partnership with IKEA will speed up the development of processes and machines for dyeing cotton.

Contact IKEA GreenTech

Christian Ehrenborg, Managing Director, IKEA GreenTech.

Tel. +46 (0)709 50 86 00, E-mail: christian.ehrenborg@ikea.com

www.ikea.greentechab.com

Contact DyeCoo Textile Systems

Reinier Mommaal, CEO, DyeCoo Textile Systems B.V.

Tel. +31 (0)294 41 00 25, E-mail: r.mommaal@dyecoo.com

www.dyecoo.com

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