Performance Fibers and Luxembourg's Ministry of the Economy and Foreign Trade announced that Performance Fibers will establish a new European shared-services center and executive management headquarters in Luxembourg.
The centralized location will bring together employees from Performance Fibers' operations in France and Germany involved in executive leadership, customer service, human resources, accounting, finance, purchasing, technology, sales and marketing, and other administrative functions.
“This new European headquarters will enable us to better serve our customers from one central location,” said Alex Carnevale, Performance Fibers' vice president and managing director, Europe. “Bringing together the support functions for our European operations also will increase operational processes and foster greater collaboration that will result in efficiencies for our customers.”
Initially, about 30 employees will be based at the new offices in the former administrative building of TDK Recording Media in Bascharage, Luxembourg.
These employees will be relocated from company facilities in France and Germany by July 30. Performance Fibers also will hire new employees at the site, with the potential to expand at the location according to the company's consistent and aggressive growth goals.
“We welcome this decision by Performance Fibers, which has a reputation as a leader in its industry,” said Jeannot Krecké, Luxembourg's Minister ofthe Economy and Foreign Trade, following his meeting with Gregory S. Rogowski, President and CEO, at Performance Fibers headquarters in Richmond, Va. “It demonstrates the attractiveness of Luxembourg and the fundamental health of our economy.”
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