Home / Knowledge / News / Textiles / Trevira: talks with investors close to finishing line
Trevira: talks with investors close to finishing line
Jul '09
"The discussions with investors are proceeding absolutely on schedule. I expect a conclusion within the next 14 days", comments Werner Schneider, chartered accountant and preliminary insolvency administrator, on the status of the current negotiations. This means that the ambitious time schedule can be met.

Neu-Ulm/Bobingen, 24 July 2009. The participants in the negotiations deliberately agreed not to disclose details on the investor's offers submitted so far, or on the enterprises involved. The negotiations should be held with the necessary calm and professionality. The aim remains unchanged: a sale of the Trevira Group, in order to maintain it, as far as possible, as an indepedent business and to secure as many jobs as possible.

Preparations for the opening of the insolvency precedure on 1st August 2009 are being continued, according to CA Schneider. The necessary steps for this have also been initiated respectively. Continuation of the operative business is guaranteed, even after opening of the regular insolvency procedure.

This is also due to the continued stable volume of incoming orders and a good production capacity utilization in all locations. „The customers stand by us – this gives us confidence in a successful future“, says Uwe Wöhner who supports the process of the sale and, at the request of the insolvency administrator, is also responsible for the operative business.


Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search