Fashion
Carbios secures funding to build textile recycling plant in Longlaville
Translated by
Nazia BIBI KEENOO
Published
September 24, 2025
Carbios, the French specialist in the enzymatic recycling of plastics and synthetic fibers, has confirmed a cash position of €72 million, solidifying plans to begin construction of its first industrial plant by the end of the year. The Longlaville-based facility, located in the Lorraine region, had previously been delayed.
The project is being financed through a combination of internal funds and €42.5 million in contributions from ADEME (France’s energy transition agency) and the regional authority. Despite facing a challenging start to the year, including a redundancy plan, the company states that it is continuing to secure raw material supplies and has already begun pre-selling its upcoming production. A favorable regulatory climate further supports this progress.
“The publication on 7 September 2025 of the decree concerning the bonus for the incorporation of recycled material constitutes a powerful new lever to accelerate adoption of Carbios technology by customers, enabling them to benefit from an incentive of €1,000 per tonne for the incorporation of bio-recycled plastics derived from hard-to-recycle waste,” the company stated.
Carbios also notes that it continues to license its proprietary technology. Agreements for future deployments have already been signed with manufacturers in China, Turkey and the UK.
“Our control of spending and our cash position enable us to move forward with confidence,” said managing director Vincent Kamel. “Recent favorable developments, both on the regulatory front and in our discussions with financial and industrial partners, reinforce our trajectory. We are approaching this phase with determination and confidence, buoyed by our customers’ recognition of our technology, the solidity of our model, and the commitment of our teams.”
The future Longlaville plant will mark a key milestone for Carbios as it brings its PET (polyethylene terephthalate) enzymatic depolymerization process to an industrial scale. Once operational, the site will be capable of transforming the equivalent of 300 million T-shirts, made of at least 90% synthetic materials, or two billion colored bottles into virgin-quality PET.
Earlier this year, Carbios signed a commercial agreement to supply L’Oréal and L’Occitane en Provence with recycled plastics for use in bottles and packaging.
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The increase was driven primarily by higher reinvested earnings and intra-company loans, indicating continued engagement by existing investors with Bangladesh.
Reinvested earnings rose by 318.25 per cent, from $103.79 million in 2024 to $434.10 million in 2025, while intra-company loans increased by 25.68 per cent, from $621.96 million to $781.68 million.
Bangladesh’s net FDI inflows increased by 39.36 per cent last year to $1,770.42 million compared with $1,270.39 million in 2024, the Bangladesh Bank said.
The increase was driven primarily by higher reinvested earnings and intra-company loans.
Reinvested earnings rose by 318.25 per cent, from $103.79 million in 2024 to $434.10 million in 2025, while intra-company loans rose by 25.68 per cent.
Equity capital remained broadly stable, rising by 1.84 per cent, from $544.64 million to $554.64 million in 2025, a release from Bangladesh Investment Development Authority said.
Greenfield project announcements declined by 16 per cent in 2025.
Fibre2Fashion News Desk (DS)
The company’s adjusted EBITDA, excluding Employee Stock Option Plan (ESOP) expenses, rose around 14 per cent YoY to ₹468 crore, while EBITDA margin improved by 20 basis points to around 9.3 per cent. Excluding the reciprocal tariff impact of around ₹36 crore and incremental losses of around ₹13 crore in Bihar and Guatemala, adjusted EBITDA margin stood at around 10.3 per cent.
Pallab Banerjee, managing director, Pearl Global Industries, said: “FY26 marked the company’s second consecutive year of double-digit growth and improved profitability. This performance further solidifies the position of Pearl Global’s diversified operating model and disciplined execution across geographies.”
Pearl Global Industries has reported its highest-ever FY26 revenue of ₹5,025 crore (~$523.93 million), up 11.5 per cent YoY, driven by volume growth and value-added products.
PAT rose 17 per cent to ₹270 crore (~$28.15 million), while Q4 revenue hit ₹1,314 crore (~$137 million).
The company shipped 78.1 million pieces.
Its net worth stands at ₹1,438 crore (~$149.93 million).
He said that geopolitical shifts and Gulf conflicts could lead to energy cost escalation, affecting raw material and logistics costs. However, the company remains prepared to manage these headwinds, supported by its diversified manufacturing base, strong order book, and broad market presence.
The profit after tax (PAT) increased 17 per cent YoY to ₹270 crore (~$28.15 million), the company said in a press release.
On a standalone basis, FY26 revenue stood at ₹1,081 crore, while adjusted EBITDA was ₹67 crore, with EBITDA margin improving by 60 basis points to 6.2 per cent, mainly due to cost restructuring. Standalone PAT rose to ₹69 crore from ₹55 crore in the previous year.
The company’s net worth stood at ₹1,438 crore (~$149.93 million) as of March 31, 2026, compared with ₹1,146 crore a year earlier.
“In FY26, Group delivered another year of resilient performance against a complex geopolitical backdrop. Group achieved, among others, two major milestones this year: revenue crossed INR 5,000 crore mark and installed capacity surpassed 100 million pieces per annum,” said Pulkit Seth, vice-chairman and non-executive director, PGIL.
Seth added that the global apparel industry faced tariff-related disruptions during FY26, with the company’s India operations impacted by tariffs and penal duties imposed by the US. However, he added that Pearl Global leveraged its diversified, multi-country manufacturing presence to mitigate these challenges and deliver double-digit growth.
For the fourth quarter (Q4) of FY26, PGIL posted its highest-ever quarterly revenue of ₹1,314 crore (~$137 million), up 6.9 per cent YoY. Adjusted EBITDA rose 13.7 per cent to ₹135 crore, with margin at 10.3 per cent, the highest EBITDA margin recorded by the company in any quarter. PAT for the quarter stood at ₹81 crore, up 24.6 per cent YoY, PGIL said in a press release.
Standalone revenue during the quarter stood at ₹304 crore, adjusted EBITDA at ₹24 crore, and PAT at ₹14 crore.
PGIL shipped its highest-ever volumes in Q4 FY26 and FY26, at 22 million pieces and 78.1 million pieces respectively. Its annual installed capacity crossed 100 million pieces, reaching around 101 million pieces.
The ongoing capex in Bangladesh is expected to be completed by the first half of FY27 and will add around 6-7 million pieces of capacity during the year.
Fibre2Fashion News Desk (SG)
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