Home / Knowledge / News / Textiles / EMS takes over German technical fibre specialist Nexis
EMS takes over German technical fibre specialist Nexis
25
Sep '09
The EMS Group, with global activities in the business areas Performance Polymers and Fine Chemicals I Engineering and with its companies combined in EMS-CHEMIE HOLDING AG, has reached an agreement with ExNex AG, formerly Nexis Fibers AG, to take over their 100% subsidiary Nexis Fibers GnibH with production site in Neumunster, Germany. This became possible after ExNex AG filed for insolvency procedures on March 13, 2009. The agreement is conditional pending the final transaction contracts and approval from the corresponding authorities.

With this take over, EMS strengthens its own worldwide business with polyamide-based speciality technical fibres, which is carried out by the Business Unit EMS-GRIL TECH from DomatiEms, Switzerland.

Nexis Fibers GmbH develops, manufactures and markets speciality technical fibres based on polyamides and other polymers with annual net sales of around CHF 40 million and a current workforce of 95 employees. This is an unaffiliated business and is managed independently of the other business activities of ExNex AG which have already been sold.
EMS intends to integrate the Nexis Fibers GmbH in its own speciality fibre business and to continue work on the previous basis at both production sites in DomatiEms, Switzerland and NeumOnster, Germany.

The purchasing price in the low single-figure million range can be financed by EMS without any problems from its own liquid assets.

The EMS Group


Must ReadView All

Courtesy: Jens Mahnke from Pexels

Textiles | On 22nd Oct 2018

India levies anti-dumping duty on flax yarn from China

The ministry of finance, Government of India, has imposed definitive...

US polyester yarn makers allege dumping from China, India

Textiles | On 22nd Oct 2018

US polyester yarn makers allege dumping from China, India

Two major US synthetic yarn producers—Unifi Manufacturing, Inc...

Courtesy: Donear

Textiles | On 22nd Oct 2018

Aspiring middle class shaping menswear fabric trend

The key trends shaping menswear fabric include a new middle class and ...

Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

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


October 2018

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

news category


Related Categories:

Advanced Search