World Footwear

Companies

Under Armour signs sourcing deal with Hemp Black

Aug 21, 2023 United States
Under Armour signs sourcing deal with Hemp Black
The agreement between the sportswear giant and the manufacturer, involves the provision of specialty yarns treated with a patented activated carbon process, which has received certification from the Cradle-to-Cradle Institute
Under the terms of the Memorandum of Understanding (MOU) established between the two parties, Hemp Black (a subsidiary of Australian-based Ecofibre) will be the exclusive supplier of its bio-based yarns to Under Armour for an initial 3-year period, supporting the company’s objective to integrate sustainable components into its supply chain; it should be added that the speciality yarn does not contain any hemp. This collaboration will also enable Under Armour to invest in new production technology.

The sourcing deal has a total value of 9 million Australian dollars (roughly 5.9 million USD).

Carbon-negative Hemp Black is recognized by harnessing the power of industrial hemp, a resource that boasts carbon sequestration capabilities surpassing those of forests by a factor of ten.


Image credits: www.si.com

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