Home / Knowledge / News / Textiles / HELLENIC FABRICS AGM held with 71.2% of share capital

HELLENIC FABRICS AGM held with 71.2% of share capital

19
Jun '07
The annual General Shareholders Meeting of “HELLENIC FABRICS S.A.” held on Friday, June 15th 2007, was carried out with the participation of 71,24% of the company's share capital.

There was a unanimous approval of the Company's Annual Financial Statements in accordance with the International Financial Reporting Standards, for the fiscal year 01.01-31.12.2006, as well as of the Board of Directors' and the Auditors' Reports for the same period.

Moreover, the Chairman of the Board of Directors informed the shareholders that the Company's management decided to enter also in the energy sector. For this reason, a new company, “HELLENIC ENERGY S.A.”, was established.

Shareholders of the new company are 95% “HELLENIC FABRICS S.A.” and 5% it's subsidiary “KILKIS SPINNING MILLS S.A.”. Objective of this company is the production and the sale of electric energy from renewable sources as well as the production and sale of electric and thermal energy from installations of coproduction of heat and electricity.

The Group's Management estimates that the downward trend in the world denim market that originated last year has been overcome. Current company data show a turnaround in the demand for denim products, which started during the first quarter of 2007. Sales figures for the second quarter of 2007 show a further strengthening of this upward trend.

Hellenic Fabrics S.A.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 22nd Sep 2021

Bangladesh RMG exporters fear losses due to problems at airport

Apparel exporters in Bangladesh are expecting significant losses for...

Pic: Shutterstock

Textiles | On 22nd Sep 2021

Ukraine wants to purchase textile products from Uzbekistan

A business delegation from Ukraine’s Khmelnitsky recently expressed...

Pic: Shutterstock/ Sheila Fitzgerald

Textiles | On 22nd Sep 2021

India to be 3rd largest importer by 2050: UK Global Trade Outlook

India will turn the third largest importer by 2050 with a share of...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

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

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

<b>Anjali Bhaskar</b> has an experience of 12 years in the fashion...

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


September 2021

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


Advanced Search