NYLSTAR INCREASES COMPETITIVENESS BY RESTRUCTURING WESTERN EUROPEAN PLANTS

 

 

In the present crisis of textile industry in Western Europe the nylon textile business is facing a production overcapacity.

 

In its profitability recovery plan, Nylstar has successfully completed the investment plan started in 1999 with expansion into Eastern Europe and then into the U.S.A. in order to better serve the growing demand for quality products on the local markets.

 

In Western Europe, and in particular in the plants with high manufacturing costs and old technologies, Nylstar is presently pursuing the production restructuring with the  closure of the spinning plant in  Freiburg (Germany) and the two-step technology plant in Pisticci (Italy), while investing in continuous updating program of the remaining plants. The restructuring plan involves about 15 % of the total Nylstar workforce. 

 

Nylstar will be able to fully accomplish  its role of leader in the nylon textile yarn market with higher competitiveness and with a stronger commitment in enhancing its mission of driver of innovation in the textile business.

In fact Nylstar will continue to offer  its customers the present product portfolio at the best quality level and  will go on investing in Research & Development in order to face the continuous challenges of the market.

 

 

In particular:

 

-                     Nylstar will continue to launch new specialities with the brands MerylŇ and ElitéŇ: they will allow its partners in the textile chain to differentiate their offer to the final market with unique performances and a strong brand support.

 

-                     Nylstar will co-operate very actively with its partners all cross the board in order to assist them in developing new markets with innovative textile solutions, e.g. with the program Meryl Actisystem for sports- and activewear

 

-                     Nylstar will continue to invest in young designers, providing  new ideas about materials  to the drivers of creativity and innovation , through the Meryl Innovation Awards, which will take place in Spring 2004 and will involve more than 100 Fashion and Design Schools round the world.

 

 

Innovation, creativity and competitiveness are key factors for success and Nylstar is always ready to take up the challenge in order to be a present and future reference partner for the worldwide textile chain.