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HeiQ enters into joint venture with Chem-Tex Laboratories

18 Feb '15

2 min read

HeiQ, a Swiss leader in the innovation of textile consumer goods, has entered into a joint venture with Chem-Tex Laboratories, a major player in specialty chemicals for the carpet, textiles, paper, and petroleum extraction industries based in the US.

The joint venture will be a full manufacturing, distribution business as well as a joint innovation effort that would enable both companies to expand their global presence, giving HeiQ critical access to local market knowledge across the Southeast United States. The companies find themselves complementary in strengths, with a shared long-term vision, consistent business principles, and an equal commitment to sustainable development.

For HeiQ customers, the joint venture brings into play a new source for products, with the advantage that they will be manufactured using proven technologies and delivered against familiar specifications. For Chem-Tex, the benefits include gaining access to HeiQ’s world-leading technologies and to proven experience in marketing and branding innovation.

Carlo Centonze, CEO of HeiQ said, “We are excited to begin this joint venture with Chem-Tex, which will allow us to access the critical US distribution network and to better serve and support our customers in the US.”

Mike Smith, CEO of Chem-Tex Laboratories said, “We look forward to bringing our focus on customer service, product development, and short cycle times, to a long-term partnership that will benefit our existing customers as well as allow us to serve new ones.”

Chem-Tex Laboratories develops and manufactures specialty chemicals for the carpet, textiles, paper, coated fabrics, oil field recovery, and specialty surfactants industries.

HeiQ Materials AG is a Swiss high-tech company producing high performance sustainable effects for textiles. (GK)

Fibre2fashion News Desk - India