Home / Knowledge / News / Textiles / Expansion of PROTEX INTERNATIONAL in Columbia
Expansion of PROTEX INTERNATIONAL in Columbia
25
May '10
Following the purchase of MACE POLYMERS & ADDITIVES in the United States at the end of 2009, PROTEX INTERNATIONAL pursues its external growth and takes a participation of 75% in the HOLQUIMICA company based in Medellin in Columbia, specialized in chemical products for the textile industry.

Founded in 1932, the French Group PROTEX INTERNATIONAL develops, produces and markets specialty chemicals.

Historically, the activity of the Group is centered on textile auxiliaries which today represents 19% of its activities. PROTEX INTERNATIONAL gradually diversified its chemical products to include other solutions: paints & coatings, electronics, paper, water treatment, perfumes, agriculture, food, fine chemical, whilst developing on an international scale.

In 2009, PROTEX INTERNATIONAL recorded an annual (world) turnover of €100 million, 80% outside of France, with 500 employees in over 20 subsidiaries throughout Europe, the United States and Asia.

The acquisition of HOLQUIMICA marks a new phase in the development of PROTEX INTERNATIONAL, since it is the Group's first presence in Latin America, an important centre for the future which should be a stepping stone to other countries on this continent and an important growth area.

Located in Medellin, the HOLQUIMICA company recorded an annual turnover of $1 million and produces auxiliary products for the textile industry:

• Refining products,

• Colouring agents,

• Print auxiliaries,

• Finishing products,

• Induction joining applications and technical materials …

These auxiliary textile products are manufactured locally in Columbia, and in the SYNTHRON plant in Indre-et-Loire, from where HOLQUIMICA will also import some of its needs.

The two companies intend to exploit a mutual know-how in order to offer a complete and enlarged range of products for the textile industry.

In order to follow the model of PROTEX INTERNATIONAL, HOLQUIMICA will also at the same time diversify its activities in the other activities of the Group: additives for paints & coatings, for paper …

PROTEX INTERNATIONAL enjoys a sound financial position, despite the unfavourable economic climate, and intends to pursue its external growth, in France and abroad, through targeted small-scale acquisitions and a niche strategy, and develop its organic growth by recruiting both Research Engineers and Sales Engineers.

PROTEX INTERNATIONAL

Must ReadView All

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Courtesy: Bombay Dyeing

Textiles | On 3rd Dec 2016

Bombay Dyeing to focus on retail; stops textile production

Bombay Dyeing, a Wadia group company, has decided to shift its focus...

Apparel/Garments | On 3rd Dec 2016

Q3FY17 net earnings slip 26.8% at denim retailer Guess

In the three months ended October 29, 2016, net earnings at denim...

Interviews View All

Frank Gossmann
Rotorcraft AG

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

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

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

Marten Alkhagen
Swerea IVF AB

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

Sonam & Paras Modi
SVA

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search