Home / Knowledge / News / Textiles / Polyester producer Trevira: sale completed
Polyester producer Trevira: sale completed
04
Jul '11
The takeover of polyester manufacturer Trevira by the consortium of Indorama Ventures PCL (Thailand) and Sinterama (Italy) is complete. After receiving the green light from the relevant cartel authorities in Brussels and Turkey, the change in ownership finally took place on 01.07.2011. While the contract with auditor, Werner Schneider, to acquire the company had been signed by both investors in February 2011, it had still to await the approval of the cartel authorities.

All those involved expressed their satisfaction with the final stages of the takeover process.

„Trevira is a traditional enterprise with a qualified workforce and great potential for the future“, declared Schneider. With a company sale there was always also the question of the people involved and of preserving expertise. The sale to the consortium of strategic investors with direct links to the textile industry provided the best opportunity for sustained development in the future, Schneider said.

Trevira's Supervisory Board member Hans-Joachim Becker, who had played a decisive role in supporting Schneider during the sales process, also sees this takeover positively: "The new owners are a guarantee for continuity."

Trevira MD Klaus Holz thanked Schneider for his commitment to the company over the last two years and praised his close cooperation with Trevira and his support for important restructuring measures. It had been his declared intent to find investors able to offer Trevira a basis for longterm profitability and with a willingness to support investment in extending the business and the brand. “We are very pleased that all the formalities are at last completed and that we can now together concentrate with our new owners on our business operations“, says Holz. The aim was to rapidly thrash out details of the future strategic pathway, where the main focus now would remain on expanding business in specialty fibres and filament yarns.

Paolo Piana, the designated future Chairman of the Supervisory Board of Trevira GmbH and CEO of Trevira Holdings GmbH, the holding company founded by the new owners, spoke of the objectives of the new owners: “The main issues will be to recover a global vision and ambition, competitiveness and capability to lead the market, innovation and quality leadership. Our customers' satisfaction, their success with our products, their pride to be our partners have to be our first and only target.”

“I am energized to know that Trevira employees will be contributing their knowledge and skills to our growth”, comments Aloke Lohia, Group CEO of IVL. “In return, we hope to make the Trevira brand globally recognized for quality and innovation and ensure that the business grows through the synergy of the comprehensive worldwide network that we and our partners Sinterama have.”

As announced earlier, Robert Gregan (46) is now joining Trevira as CEO. He is to manage the company along with Klaus Holz, who has acted as MD since January. Gregan has spent most of his career in various companies in the man-made fibre industry. Starting with Trevira means a return to his roots for him, since he had begun his working life in the former Hoechst AG. After completing his business studies course, he was active in a variety of functions and sectors, including the fibres division.


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search