Trevira turnarounds its fortunes in 2010
Trevira GmbH, the only supplier in the world that offers the complete range of textile polyester products, announced successful first half year 2010
In the second quarter of 2010, once again the business figures for Trevira GmbH are better than anticipated. Following a very satisfactory first quarter the results have exceeded expectations. “We finished the first six months with a turnover of around 120 million €, which is a good 10 percent above our forecast“, declares CEO Uwe Wöhner.
There are a variety of reasons for the stable and positive development of the fibre specialist. Firstly, the sustained recovery of the economy over recent months has ensured stability in demand from customers in the textile industry. And then the positive effects of the wide-ranging restructuring and cost-cutting programme are becoming increasingly evident.
“These first six months of the new Trevira have been very successful ones, we have achieved all the targets we set, and even exceeded most of them,“ Wöhner continues. “All our capacities are being used to the full and we are getting only positive signals from customers in our most important market segments.“
Volumes and special products above forecast
In all segments sales volumes have been higher than expected and we have recorded clear growth, especially with flame retardant fibres and yarns. The automotive sector shows signs of healthy order books for the carmakers and there are pleasing developments in low-pill fibres for apparel, particularly in exports. The staple fibre business for non-wovens and technical applications continues to be very stable, with volumes exceeding levels forecast.
Outlook for the second half year optimistic
“In the first six months we have established a good basis for an independently operating company, and for the coming half year we anticipate solid business with increasingly stable turnover“, Wöhner goes on to say. The company would therefore achieve – as planned – positive results in its first year. It was now vital for the whole industry that the recovery in the economy should maintain its impetus and that raw material costs should not rise further. Trevira business rested, however, on solid foundations and was secure in the long term.
New product in the portfolio: sustainable fibres from biopolymers
Within the framework of plans to further concentrate business on high value special fibres Trevira concluded a licence agreement in June with Nature Works LLC (USA) and will in future offer fibres made from PLA biopolymers (Ingeo).
Ingeo is manufactured from renewable plant raw materials, where up to 85 per cent less greenhouse gases are released in the production of resins, compared to conventional polymers and up to 69 per cent less energy used. The close cooperation with NatureWorks fitted perfectly with the strategy of Trevira to supply fibre specialties and customised products, notes Wöhner.