Varteks + Cateks - creating better
The president of the Management Board of Varteks, d.d., Zoran Košcec, and the president of the Management Board of Cateks, Damir Vitez, signed a Strategic Alliance Agreement between Varteks and Cateks in Varaždin today with the aim to link primary production and to establish partnership relations between the two companies for a joint appearance on the domestic and foreign market.
The strategic alliance between Varteks and Cateks represents a proactive measure aiming to protect indispensable jobs and to strengthen cooperation between the two largest textile companies in Croatia by using their own resources as fundamental cornerstones to create prerequisites for a competitive market appearance and public procurement procedures.
Varteks and Cateks are the two largest and oldest textile companies in Croatia, with a worldrenowned quality and tradition.
Varteks d.d. is the leading Croatian fashion company in garment and wool fabric production, while Cateks d.d. is the leading Croatian producer of cotton and technical fabrics, artificial leather, household linen as well as sports and recreation products. Both companies place their products on the domestic and the foreign market. Varteks generates about half of its revenues on the foreign market, while Cateks exports about 60 percent of its products.
“Linking the primary production of two companies with a vertical business organization is a lever for creating better and stronger prerequisites for a competitive market appearance and thus also public procurement procedures, whereby conditions are created to ensure a comprehensive consumables and garment offer.
"Our tradition and quality, production resources and assortment as well as our employees guarantee that as a partner we can offer ideas and projects through which we will realize, along with constructive cooperation with domestic partners, significant progress and new deals, not only on the regional market, but also in countries in the European Union”, said Zoran Košcec, the president of the Management Board of Varteks d.d.
“Varteks and Cateks are the two largest and oldest textile companies in Croatia, with a worldrenowned quality and tradition and references on the domestic and the foreign market. Together they employ around 3,000 people and as such they play a significant role in the economies of the two counties, but also the Croatian economy as a whole.
By merging production and human resources through this strategic alliance which represents an extraordinary contribution not only to the textile industry, but also to the economy as a whole, Varteks and Cateks wish to create a quality lever for competitiveness on the domestic and the foreign market”, said Damir Vitez, the president of the Management Board of Cateks d.d.
Varteks is the leading fashion company in Croatia and has been present on the domestic and the foreign market for almost a century. With 2,300 employees it is a significant economic factor and the biggest employer in the Croatian textile industry.
Cateks d.d. is a company with a longstanding tradition in the textile industry and it is one of the oldest companies in Croatia – it was founded in 1874. Through capital investments over the past ten years and by continuously developing new products, Cateks has become a market leader in this part of Europe in the production of fabrics and technical materials.