Freudenberg Performance Materials, leading global manufacturer of innovative technical textiles, and Ratti S.p.A., a creative and responsible company active in the world of fashion textiles, have signed a collaboration agreement for the development of circular economy projects.
The two companies intend to integrate their respective expertise with the aim of designing and implementing new offers, products and services based on the reuse and recycling of textile materials.
The first step in this direction is represented by the program “Second Life Fibers”, which see the two groups involved in the offer of a product based on the reuse of silk. The product will be presented at the next fairs of the fashion industry.
In 2018, the Freudenberg Group employed more than 49.000 people in almost 60 countries worldwide and generated sales of approximately €9.4 billion.
Ratti S.p.A., listed on the Milan Stock Exchange has a turnover of 110 million euro and is supported by about 800 people. The company publishes its sustainability report.
This agreement testifies to the commitment of both Groups to implement initiatives and programmes on sustainability issues.