Home / Knowledge / News / Textiles / EMS takes over German technical fibre specialist Nexis
EMS takes over German technical fibre specialist Nexis
25
Sep '09
The EMS Group, with global activities in the business areas Performance Polymers and Fine Chemicals I Engineering and with its companies combined in EMS-CHEMIE HOLDING AG, has reached an agreement with ExNex AG, formerly Nexis Fibers AG, to take over their 100% subsidiary Nexis Fibers GnibH with production site in Neumunster, Germany. This became possible after ExNex AG filed for insolvency procedures on March 13, 2009. The agreement is conditional pending the final transaction contracts and approval from the corresponding authorities.

With this take over, EMS strengthens its own worldwide business with polyamide-based speciality technical fibres, which is carried out by the Business Unit EMS-GRIL TECH from DomatiEms, Switzerland.

Nexis Fibers GmbH develops, manufactures and markets speciality technical fibres based on polyamides and other polymers with annual net sales of around CHF 40 million and a current workforce of 95 employees. This is an unaffiliated business and is managed independently of the other business activities of ExNex AG which have already been sold.
EMS intends to integrate the Nexis Fibers GmbH in its own speciality fibre business and to continue work on the previous basis at both production sites in DomatiEms, Switzerland and NeumOnster, Germany.

The purchasing price in the low single-figure million range can be financed by EMS without any problems from its own liquid assets.

The EMS Group


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

September 2017

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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