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Trevira Files For Bankruptcy

Germany-based Trevira GmbH -- a company of the India-based Reliance Group and a manufacturer of high-value branded polyester fibers and filament yarns for the apparel, home textiles and automotive industries as well as hygiene and technical applications -- has filed for bankruptcy. The action follows the company's efforts to combat the impact of the industrial decline in Europe, particularly in the automotive and textile sectors. Trevira recently announced restructuring plans that included the appointment of restructuring expert Elke Bäuerle as new managing director.

July/August 2009

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