Circular Economy: an Opportunity for Business in Thailand
Fact Sheet
Around Thailand, a growing number of businesses is prospering from innovation and collaboration in their processes and value chains that avoid waste and improve the efficiency and longevity of materials use. Leading textile companies, such as ID Knitting, Thai Sin Dee and Thai Wacoal have started to use recycled PET fibres, recovered from plastic bottles, in their fabrics and garments. SC Grand mechanically recycles fabric waste to new fabric for garments and home textiles, and moreloop facilitates the recovery of deadstock fabric for repurposing in designer fashion and other textile items. Fortune Parts Industries and Su Wu Poly manufacture premium automotive parts and home decoration items using recycled polypropylene and polystyrene, respectively. Sivatel Bangkok Hotel has drastically cut down food waste, recovers the remaining food waste in a BSF insect farm, and eliminated single use plastics in its hotel operations. These and other initiatives are exemplary for the Circular Economy – and a call-to-action for businesses and other organizations in Thailand and elsewhere in Southeast Asia and beyond.
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