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

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

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

Yes No

Active Poll

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

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

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

Yes No

Active Poll

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

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

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

Active Poll

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

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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