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

http://www.expoproduccion.mx/Content/Exhibitors/24/
http://ahweb.adsale.com.hk/t.aspx?unt=2396-ZhejiangTex14_TextileWorld
http://www.textileservicesonline.com
http://ahweb.adsale.com.hk/t.aspx?unt=2354-STX15_TextileWorld
http://www.schlafhorst.saurer.com
http://www.textileworld.com/Textile_World_Innovation_Forum_2014/
http://www.textileworld.com/Store/Books/diccionario-textil.html
http://www.textileworld.com/Store/Books/index.html
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |

Events

Texworld Paris
09/15/2014 - 09/18/2014

Première Vision Pluriel
09/16/2014 - 09/18/2014

INDA's Elementary Nonwovens Training Course
09/17/2014 - 09/18/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Fiber World

Bayer Faser To Close Elastic Covered Yarn Subsidiary

Germany-based Bayer MaterialScience has announced plans to close GVW Garnveredelungswerke GmbH, a subsidiary of Bayer Faser GmbH. The decision was made because the company, which primarily produces elastic covered yarn for the textile industry, recorded continued high losses in 2003, and future prospects for the business are poor. "Prices for GVW products fell more sharply than could be compensated for by cost-cutting measures," said Bettina Langhans, managing director.

During the course of this year, 165 employees will lose their jobs. However, the company is investigating the possibility of moving GVW's Dorlastan® warping and rewinding units to other Bayer facilities, which would result in some GVW employees being offered positions at those locations.


May 2004




Advertisement