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Trio of European companies in recycling joint venture.

Hoechst AG, Frankfurt, Germany, Autefa Maschinenfabrik, Friedberg, Germany and textile recycler Henrich Glaeser, have formed a joint venture called Polywert Faserrecycling GmbH. The new company will process and sell products made from manmade fibers, in particular reusable materials based on high-tenacity polyester filaments, monofilaments made from polymers and polyester spunbondeds.

The company, which will be located in Bobingen, Germany, will utilize Hoechst's expertise with polyester-based manmade fibers, Autefa's strength in the technical processes of construction of tearing machines and recycling plants and Glaeser's knowledge of textile raw material recycling, especially manmade fiber products. Polywert hopes to make an innovative contribution towards minimizing and avoiding residues and the creation of material cycles within the industrial textile market.

Hoechst holds 34% of the Polywert joint venture, with Autefa and Glaeser each holding 33%. The initial capital investment is DM 5 million.
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Title Annotation:Hoechst AG, Autefa Maschinenfabrik and Henrich Glaeser form Polywert Faserrecycling GmbH
Publication:Nonwovens Industry
Article Type:Brief Article
Date:Apr 1, 1992
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