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SCI and The Textile Institute announce plans for merger
13 Sep '08
2 min read
The Board of Trustees of the Society of Chemical Industry (SCI) and the Board of The Textile Institute (TI), both charitable organisations in the field of science, technology and knowledge transfer, have announced a proposal to form a merged organisation.
Trustees from the two UK-based membership charities have agreed the principles of joining forces in a 'Term Sheet' document which now paves the way for further internal consultations and the preparation of a formal merger agreement.
The proposed union will combine the strengths of both charities, leading to increased membership, greater visibility and complementary science, technology and industrial processes, both in the UK and internationally, whilst preserving their respective identities and purposes.
Furthermore, the potential merger recognises the global shift in the textile industry. Joining forces with SCI, an international organisation which has a global structure, would enable the valuable TI brand and its status as a 'qualifying body' to be preserved – principles that are vital to its membership and to the textile industry.
SCI is a unique international forum where science meets business on independent and impartial ground whose purpose is to promote the 'commercial application of science for the benefit of society'.
The TI is a qualifying body whose mission is to advance knowledge about textiles and promote professionalism in all areas associated with textile industries worldwide.
SCI's chief executive, Andrew Ladds explained: “The proposed merger is a unique opportunity to combine the individual strengths and experiences of each organisation and strengthen both The TI and SCI to safeguard and enhance the future of The TI worldwide, whilst raising the profile of both organisations.
'Both have similar objectives, cultures and methods of sharing knowledge. Much of SCI's international membership and target audience is similar to that of The TI and much of SCI's chemical science and technology knowledge which sustains the textiles industry will form a knowledge platform between the two organisations.'
Chairman of SCI Trustees, Sandy Gray, welcomed the move saying: “The proposed union will help widen SCI and The TI's membership base in closely-related areas both in the UK and internationally.
It will also enable both groups to capitalise on the mutual synergies and interests between them, providing a shared opportunity to expand further the benefits both organisations provide, as charities, to the general public and society.'
Trustees from the two UK-based membership charities have agreed the principles of joining forces in a 'Term Sheet' document which now paves the way for further internal consultations and the preparation of a formal merger agreement.
The proposed union will combine the strengths of both charities, leading to increased membership, greater visibility and complementary science, technology and industrial processes, both in the UK and internationally, whilst preserving their respective identities and purposes.
Furthermore, the potential merger recognises the global shift in the textile industry. Joining forces with SCI, an international organisation which has a global structure, would enable the valuable TI brand and its status as a 'qualifying body' to be preserved – principles that are vital to its membership and to the textile industry.
SCI is a unique international forum where science meets business on independent and impartial ground whose purpose is to promote the 'commercial application of science for the benefit of society'.
The TI is a qualifying body whose mission is to advance knowledge about textiles and promote professionalism in all areas associated with textile industries worldwide.
SCI's chief executive, Andrew Ladds explained: “The proposed merger is a unique opportunity to combine the individual strengths and experiences of each organisation and strengthen both The TI and SCI to safeguard and enhance the future of The TI worldwide, whilst raising the profile of both organisations.
'Both have similar objectives, cultures and methods of sharing knowledge. Much of SCI's international membership and target audience is similar to that of The TI and much of SCI's chemical science and technology knowledge which sustains the textiles industry will form a knowledge platform between the two organisations.'
Chairman of SCI Trustees, Sandy Gray, welcomed the move saying: “The proposed union will help widen SCI and The TI's membership base in closely-related areas both in the UK and internationally.
It will also enable both groups to capitalise on the mutual synergies and interests between them, providing a shared opportunity to expand further the benefits both organisations provide, as charities, to the general public and society.'
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