Home / Knowledge / News / Textiles / TEXAID takes over CONTEX
TEXAID takes over CONTEX
26
Nov '10
As of 1 January 2011, the TEXAID Textilverwertungs-AG in Schattdorf will take over the Emmen-based CONTEX AG, textile and shoe recycling. The amalgamation will allow for making use of synergies and strengthen the market position against foreign competitors. This will be to the benefit of many charitable institutions, that participate in the proceeds of TEXAID and CONTEX. It will also safeguard jobs in Switzerland for the long term.

TEXAID and CONTEX will continue their business activities – the collection and utilization of old textiles – within an unchanged scope, retaining their previous names. However, in the areas of logistics and the merchandising of old textiles, valuable synergies will arise. For example, the collections will become more efficient and thus more ecological.

By taking over the number two in the Swiss market for old textiles, TEXAID is able to considerably increase its market share and bolster its position as one of Europe's leading companies in the textile recycling industry.

Good solution for all involved parties
The founders of CONTEX, Hans Rudolf Benjamin and Urs Fischer, will retire from operative business at the end of 2010. They will contribute their broad experience to the company in an advisory capacity in the future.

They are pleased with the signing of the contract: “We are convinced that the amalgamation is a good solution for all participants.”

Martin Böschen, CEO of TEXAID, concurs: “The stronger position in the international competition will benefit our affiliated charitable institutions and safeguard the jobs of all employees for the long term.”

The TEXAID Textilverwertungs-AG based in Schattdorf is an affiliation of six renowned Swiss aid organizations and a private investor. The company has been dealing with the collection and utilization of used textiles in Switzerland for more than 30 years. Part of the collected old clothes is processed in TEXAID's sorting plants in Schattdorf and Zurich. TEXAID operates branches in Germany, Hungary and Bulgaria.

CONTEX is a recycling company, which has been collecting old textiles and shoes in Switzerland and making them available for reuse or recycling since 1991.

TEXAID Textilverwertungs-AG


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X