Home / Knowledge / News / Textiles / Synthron picks up stake in Columbian textile chemical unit

Synthron picks up stake in Columbian textile chemical unit

30
Jun '10
The French plant SYNTHRON located in Auzouer-en-Touraine (Indre-et-Loire department), France, will manufacture textile auxiliaries which will be exported to Columbia. The parent company of SYNTHRON, PROTEX INTERNATIONAL, has taken a 75% participation in HOLQUIMICA, a Columbian company located in Medellin, specialized in chemical products for the textile industry.

SYNTHRON manufactures specialty chemicals, and in particular textile auxiliaries (refining products, colouring agents, print auxiliaries …) and records an annual turnover of €25 million with 92 employees on its industrial site, 15 of whom work for Research & Development. Over 50% of its production is destined for the export market, mainly Europe, the USA and Asia, and more recently Latin America.

The partnership marks a new phase in the development of SYNTHRON's activity, with the company'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.

In order to follow the model of SYNTHRON, HOLQUIMICA (turnover: USD$1 million) will also at the same time diversify its activities in the other activities of the Group: additives for paints & coatings, for paper …

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. The Research & Development will be carried out on the Auzouer-en-Touraine site in France.

Despite an unfavourable economic contexte, SYNTHRON intends to develop its activities in France and abroad, and pursue its organic growth by recruiting both Research Engineers and Sales Engineers.

Synthron


Must ReadView All

Pic: Shutterstock

Textiles | On 30th Mar 2020

PRC economy to quickly return to potential growth: PBOC

China's economy will swiftly return to its potential growth rate,...

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

COVID FightBack: Malaysia takes steps to tackle impact

Malaysia will grant a six-month delay on most loan payments to ease...

Pic: Shutterstock

Retail | On 30th Mar 2020

NRF hails US House of Representatives consent to CARES Act

The National Retail Federation has welcomed the quick passage by the...

Interviews View All

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

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

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

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

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


March 2020

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


Advanced Search