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.