Refurbishment procedures at Texaid: Alt textile market in the crisis!

Refurbishment procedures at Texaid: Alt textile market in the crisis!

Apolda, Deutschland - The Texaid participation administration Germany has initiated a renovation process for its subsidiaries Resales Textilhandels- und -Recycling GmbH as well as Texaid Collection GmbH. This was announced today. The background to this decision is the tense economic situation and the challenges in the popular old textile market. The company is based in Apolda, where Resales operates the largest sorting operation for old textiles in Germany, and sorted 16,600 tons in 2022. The turnover of 50.8 million euros this year also shows that there is a lot of potential here. But the difficulties in the industry could not be overlooked, which explains the need for renovation. According to [euwid-recycling.de] (https://www.euwid-recycling.de/news/wirtschaft/texaid-Deutschland-leiten-sanierungs-ein-160625/), the business of the companies concerned continues without restrictions.

crisis meets the recycling companies hard

In 2022, an average of 680 people at Texaid Germany were employed. But the uncertainties make life difficult for many companies. Storage stocks grow immeasurable and the sales options have almost collapsed. Market participants from home and abroad complain that the supply chains have broken, which also affects the business. The situation is referred to as a free case and many old textile recyclers have arrived at the end of their economic possibilities, such as bvse.de reported.

A decisive factor in this disaster is the changed consumer behavior of the population. The trend towards Ultra Fast Fashion and the associated worse quality of the textiles have destabilized the market. Products that used to be a good basis for recycling now often end up in the waste flows without their recycling being economically sustainable. Many companies have considered solutions such as bartering to ensure survival while other capacities reduce.

views and solutions

The industry desperately searches for ways to overcome the crisis. An introduction of a national EPR system for textiles is required that could stabilize the costs. The EU Commission also plans to introduce a system of extended manufacturer's responsibility for textiles, which could be of central importance for the future. The collective and exploitation structures in Germany in particular should play a central role here. Unfortunately, international markets such as the Netherlands and Eastern Europe are increasingly affected, which illustrates the global dimension of the crisis situation.

whether the renovation of Texaid Germany is the key to leave the shadow of the past behind is in the stars. Many companies will ask themselves how long they can last, while uncertainty continues to exist on the future of the old textile recycling industry. The developments will continue to be followed.