17 June 2009 15:05 [Source: ICIS news]
TORONTO (ICIS news)--The administrator of insolvent Germany-based polyester firm Trevira has hired its former CEO to help steer the company and find a buyer, he said on Wednesday.
Werner Schneider, who was appointed administrator by a court in ?xml:namespace>
Trevira, which employs a staff of about 1,800 in Europe and has five production sites in four European countries –
Sales were currently running at €1m ($1.4 m)/day, he said, adding that customers and banks kept supporting the company.
“First signals” in finding investors or buyers had been positive. Talks with interested parties were due to get underway this week, Schneider said.
He also said that, contrary to earlier statements,
($1 = €0.72)
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