Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://ahweb.adsale.com.hk/t.aspx?unt=2354-STX15_TextileWorld
http://ahweb.adsale.com.hk/t.aspx?unt=2396-ZhejiangTex14_TextileWorld
http://www.thiestextilmaschinen.com
http://www.textileservicesonline.com
http://www.allstatestextile.com
http://www.textileworld.com/partners/Shaffer_and_Max-Dyeing_and_Finishing_Plant_2014
http://www.expoproduccion.mx/Content/Exhibitors/24/
http://www.spgprints.com
July/August 2014 July/August 2014

View Issue  |

Subscribe Now  |

Events

ISS Vegas '14
08/03/2014 - 08/05/2014

Los Angeles Fashion Market - Holiday/Resort '14
08/04/2014 - 08/07/2014

Outdoor Retailer Summer Market
08/06/2014 - 08/09/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

DyStar Resumes Deliveries To Customers, In Talks With Potential Investors

After filing for bankruptcy last month (" See Dystar Files For Bankruptcy," Sept. 29, 2009), Germany-based DyStar Textilfarben GmbH, DyStar Textilfarben GmbH & Co. Deutschland KG and DyStar Holdings GmbH -- global providers of dyes, auxiliaries and services for the textile and leather processing industries -- report that talks with banks and secured creditors are moving forward, and the companies have been granted permission to continue supplying their customers. DyStar Textilfarben GmbH & Co. Deutschland KG also has restarted production at one of its manufacturing facilities -- a plant in Geretsried.

"We are happy to reboot the production at our first location," said Dr. Stephan Laubereau, the preliminary insolvency administrator of DyStar Textilfarben GmbH & Co. Deutschland KG. "We hope to find a good solution for the other facilities too."

Prefinancing of insolvency payments owed to DyStar Textilfarben GmbH's 73 employees as well as staff at DyStar Textilfarben GmbH & Co. Deutschland KG has been negotiated. Employees have received initial payments for the month of September.  "We are setting up a control point with the agency for labour to look for a good solution for extraordinarily affected employees," Laubereau said.

DyStar also reports it has restarted the search for investors. "We have already conducted initial talks with potential investors; further talks are due to be held over the next few days," said Miguel Grosser, Miguel Grosser, attorney, Jaffé Rechsanwälte Insolvenzverwalter, and court-appointed preliminary insolvency administrator. "It is still too early, though, to assess the situation."

"Negotations are at an early stage," Laubereau added.

October 20, 2009

Advertisement