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23.08.2004 – 09:21

REMEI AG

Remei AG: Indian cotton producers become shareholders

Rotkreuz (ots)

On 29th July 268 small producers in Central India
have received shares to a value of 1000 rupees each. Consequently
they become owners of the company that purchases their cotton and
provides the much in demand education and consulting in organic
farming. These farmers are part of the sustainable development
project "Maikaal bioRe®". Maikaal is the name of the Indian region
where the project takes place. bioRe® is a certified textile chain,
initiated by the Swiss company Remei AG. The bioRe® chain secures
ecological, social and fair conditions at all production stages, from
the organic cultivation of cotton to the finished product.
In this project textiles are produced successfully since 1992,
among others for Coop Naturaline et the WWF. More than a thousand
producers are registered in 2004 and benefit from more favourable
terms of trade. All registered producers can become shareholders as
soon as they have been five years with the project, implementing the
organic requirements consistently. The project's promoter, Remei AG, 
is reducing its shareholding in favour of the farmers. With this the
Maikaal bioRe® project is going into Indian hands and capital will
be built locally, in a sustainable manner.  With bioRe® Remei AG
has set to create better living and working conditions for cotton
producers. These efforts towards a fair textile production have
earned Remei AG a Sustainable Development Award at the UN Summit in
Johannesburg in 2002.
Pictures: http://www.biore.ch/deutsch/home/pressemitteilung.htm

Contact:

REMEI AG
Léonor Gimelfarb
Lettenstr. 9
6343 Rotkreuz
Tél. +41/(0)41/798'32'53
Fax +41/(0)41/798'32'00
E-Mail: leonor.gimelfarb@remei.ch
Internet: http://www.remei.ch
http://www.biore.ch