Home / Knowledge / News / Textiles / Expansion of PROTEX INTERNATIONAL in Columbia

Expansion of PROTEX INTERNATIONAL in Columbia

25
May '10
Following the purchase of MACE POLYMERS & ADDITIVES in the United States at the end of 2009, PROTEX INTERNATIONAL pursues its external growth and takes a participation of 75% in the HOLQUIMICA company based in Medellin in Columbia, specialized in chemical products for the textile industry.

Founded in 1932, the French Group PROTEX INTERNATIONAL develops, produces and markets specialty chemicals.

Historically, the activity of the Group is centered on textile auxiliaries which today represents 19% of its activities. PROTEX INTERNATIONAL gradually diversified its chemical products to include other solutions: paints & coatings, electronics, paper, water treatment, perfumes, agriculture, food, fine chemical, whilst developing on an international scale.

In 2009, PROTEX INTERNATIONAL recorded an annual (world) turnover of €100 million, 80% outside of France, with 500 employees in over 20 subsidiaries throughout Europe, the United States and Asia.

The acquisition of HOLQUIMICA marks a new phase in the development of PROTEX INTERNATIONAL, since it is the Group's first presence in Latin America, an important centre for the future which should be a stepping stone to other countries on this continent and an important growth area.

Located in Medellin, the HOLQUIMICA company recorded an annual turnover of $1 million and produces auxiliary products for the textile industry:

• Refining products,

• Colouring agents,

• Print auxiliaries,

• Finishing products,

• Induction joining applications and technical materials …

These auxiliary textile products are manufactured locally in Columbia, and in the SYNTHRON plant in Indre-et-Loire, from where HOLQUIMICA will also import some of its needs.

The two companies intend to exploit a mutual know-how in order to offer a complete and enlarged range of products for the textile industry.

In order to follow the model of PROTEX INTERNATIONAL, HOLQUIMICA will also at the same time diversify its activities in the other activities of the Group: additives for paints & coatings, for paper …

PROTEX INTERNATIONAL enjoys a sound financial position, despite the unfavourable economic climate, and intends to pursue its external growth, in France and abroad, through targeted small-scale acquisitions and a niche strategy, and develop its organic growth by recruiting both Research Engineers and Sales Engineers.

PROTEX INTERNATIONAL


Must ReadView All

Pic: I Love Coffee dot Today / Shutterstock.com

Apparel/Garments | On 7th May 2021

Cambodia's garment exports fall 6.43% in Q1 2021

The value of exports of garments and accessories from the Southeast...

Pic: Sateri

Textiles | On 7th May 2021

Chinese firm Sateri acquires Funing Aoyang's viscose fibre business

Sateri, the world's largest producer of viscose fibre, has entered...

Pic: Shutterstock

Textiles | On 7th May 2021

Korea-based Hanwha Total to expand PP production capacity by 60%

Petrochemical company Hanwha Total Petrochemical (HTC) has invested...

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

Tech in fashion industry has hit acceleration button

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Dr. Vijaya Kumar,

Dr. Vijaya Kumar

Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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


May 2021

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


Advanced Search