Home / Knowledge / News / Textiles / Trevira: talks with investors close to finishing line
Trevira: talks with investors close to finishing line
25
Jul '09
"The discussions with investors are proceeding absolutely on schedule. I expect a conclusion within the next 14 days", comments Werner Schneider, chartered accountant and preliminary insolvency administrator, on the status of the current negotiations. This means that the ambitious time schedule can be met.

Neu-Ulm/Bobingen, 24 July 2009. The participants in the negotiations deliberately agreed not to disclose details on the investor's offers submitted so far, or on the enterprises involved. The negotiations should be held with the necessary calm and professionality. The aim remains unchanged: a sale of the Trevira Group, in order to maintain it, as far as possible, as an indepedent business and to secure as many jobs as possible.

Preparations for the opening of the insolvency precedure on 1st August 2009 are being continued, according to CA Schneider. The necessary steps for this have also been initiated respectively. Continuation of the operative business is guaranteed, even after opening of the regular insolvency procedure.

This is also due to the continued stable volume of incoming orders and a good production capacity utilization in all locations. „The customers stand by us – this gives us confidence in a successful future“, says Uwe Wöhner who supports the process of the sale and, at the request of the insolvency administrator, is also responsible for the operative business.

Trevira


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


August 2018

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

news category


Related Categories:

Advanced Search