Soex to start operations in Hamriyah Free Zone in 2017
The North Germany-based Soex Group, a globally leading company in the sector of marketing and recycling of used textiles, will start its operations from Hamriyah Free Zone in Sharjah, UAE, by the middle of 2017.
The Soex Group covers the entire value chain of used textiles collection, marketing, recycling and reuse on six continents, said a statement from the company.
“We have leased 322,917 sq ft area in Hamriyah Free Zone and will be starting the construction work of the new plant as soon as possible. We hope we can start our operations by the middle of next year,” said Axel Buchholz, managing director of executive board of the Soex Group, after signing the contract with Saud Salim Al Mazrouei, director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone.
The Soex Group has been giving used textiles a new lease of life for more than 35 years. Founded in 1977, the company has sites and shareholdings in five countries and more than 1,000 employees today.
Buchholz added: “This is our first venture in the UAE. We are going to invest €5 million ($5.64 million) for this project and we plan to export 50 per cent of our products to African countries and 25 per cent each to Eastern Europe and the Middle East respectively. Our facility in Hamriyah Free Zone will have 300 to 400 workers.”
After signing the contract at the headquarters of Hamriyah Free Zone Authority, Al Mazrouei, said: "We remain committed to giving our valued customers the best possible infrastructure to help support their growth aspirations."
“This step will enable them to grow in the region and we see this development as another example of our efforts in empowering businesses paying off,” he said.