MOVES: Germany's Trevira appoints new managing director

29 May 2009 17:52  [Source: ICIS news]

TORONTO (ICIS news)--Trevira has replaced former managing director Hemant Sharma, who left the Germany-based polyester producer earlier this week, the company said on Friday.

Trevira was now led by Elke Bauerle, a lawyer and insolvency expert appointed this month to restructure the company, it said.

Earlier this month, Trevira CEO Uwe Wohner also left the company.

Meanwhile, Germany's news agency dpa reported that 400 workers at Trevira’s production side in Guben, eastern Germany, had begun protests amid fears that about 450 of the site’s 730 jobs would be cut.

Trevira employs a staff of about 1,800 in Europe and has five production sites in four European countries – Germany, Denmark, Belgium and Poland.

It is owned by India’s petrochemicals major Reliance Industries, which bought the business in 2004 from Deutsche Bank.

Trevira was previously part of Hoechst, the former German chemicals and pharmaceuticals major that later merged with French Rhone-Poulenc to form Aventis.

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By: Stefan Baumgarten
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