The purpose of the company is spinning, dyeing, weaving, manufacturing and trading of carpets and textiles of all kinds. The company may take up additional manufacturing and trading activities and participate directly or indirectly in other companies in Switzerland and abroad, as well as buy, sell, rent or lease properties, including building rights. The company may establish branches and subsidiaries in Switzerland and abroad and conduct all business that is directly or indirectly related to its purpose. The company may also provide financing for its own account or for the account of third parties, as well as enter into security transactions, including guarantees, pledges, global assignments, security transfers and indemnification agreements, for affiliated companies and third parties, even if these are in their exclusive interest.