"Long known for giants and startups, the critical middle-class emerges in a signature industry."
"[Scott] Hamlin's Portland-based Looptworks is another company that's grown without significant investor cash. Hamlin said the business doesn't have debt. He also said it doesn't have a line of credit."
"'Every penny we spend goes right back into the brand,' Hamlin said."
Looptworks is thrilled to announce a goal to recapture 17 million tons of textiles that end up in the landfill annually. To help with this large scale project, we're seeking to build a new PNW facility where we will upcycle, downcycle, and recycle textiles into fibers.
Loopworks is taking the next step toward transforming the world's excess textile materials into premium upcycled goods, recycled fibers and downcycled goods aims to eliminate global textile waste while inspiring people and businesses to reduce their impact on the planet.