Sheertex Inc., a Quebec textile firm, secures $200M to expand production of durable tights.

Sheertex Inc., a Quebec-based textile company, has raised $200 million to expand its production of unbreakable tights made from a material similar to bulletproof vests. The funding includes $25 million from Quebec's Investissement Quebec. The company aims to boost sales and production, targeting major retailers and aiming for profitability by late 2025. This investment is expected to rejuvenate Montreal's garment industry.

4 months ago
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