Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, announced a growth capital injection in China-based recycler of post-consumer packaging waste Re-mall.
The investment marks Ingka Investments’ first in China within its circular investment portfolio, which targets companies developing technology or capacity to prevent waste or supply recycled materials.
Ingka Group launched Circular Investments in 2017, to support IKEA’s circularity strategies by investing in companies developing technology or growing capacity to prevent waste or supply recycled materials, with a key focus on materials where recycling capacity is lacking, including mattresses,
