Home / Knowledge / News / Textiles / Lenzing reduces stake in EQUI-Fibres
Lenzing reduces stake in EQUI-Fibres
24
Dec '16
Courtesy: Lenzing Group
Courtesy: Lenzing Group
The Lenzing Group, a global supplier of high-quality, botanic cellulose fibres to the global textile and nonwovens industry, has reduced its equity stake in EQUI-Fibres Beteiligungsgesellschaft mbH, Kelheim from 45 to 20 per cent. EQUI-Fibres is the parent company of Kelheim Fibres GmbH, which manufactures viscose fibres at its plant in Kelheim, Germany.

EQUI-Fibres reported total revenue of €162 million in 2015. The transaction represents the next logical step in the Lenzing Group’s implementation of its sCore TEN strategy. The buyer is a company represented by its managing directors Peter Untersperger and Gerald Schmidsberger. Untersperger is very familiar with both EQUI-Fibres and the fibre industry.

On the basis of this transaction, the financial result of the Lenzing Group for the current financial year is expected to increase by about €10-15 million. The payment of the stipulated purchase price is to take place starting in 2017. (GK)

Fibre2Fashion News Desk – India


Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

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

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search