For Trevira GmbH the first quarter of the business year 2010 has been very positive. We are pleased with the present developments, which are exceeding our forecasts, comments CEO Uwe Wöhner on the figures. Confidence in the company shown by customers and business partners rests on a very solid base.
In these first three months the flow of orders and turnover have been gratifyingly good and are currently over 10% above the target figures for the business year 2010. If we continue to perform with the same purpose and success, the new Trevira will achieve a positive result already at the years end, as we predicted in November 2009, CEO Wöhner goes on to say. These good developments were primarily due to the high level of commitment of the workforce and the firm confidence shown by business partners.
All this is evidence that the restructuring measures we introduced are proving to be successful and on target. As we improve our processes in the new Trevira, we are increasing productivity on a sustainable basis. This enables us to gain new customers in new markets with our tried and tested products, and to retain our established customers with new developments, Wöhner adds with assurance. At present production is running on full capacity, while the outlook in terms of orders continues to look positive. This applies to the whole of the textile sector and allows cautious optimism. However, there is a need for a more sustained economic upturn before the pre-crisis levels can be attained.
At present numerous discussions are being held with customers and suppliers on the extension of existing contracts or on fresh agreements. Only recently the company was successful in gaining an internationally renowned fashion brand as a new cooperation partner. Here the plan is to supply bioactive material to be used in the textile process for the manufacture of functional shirts. At the same time, however, the Trevira Group is experiencing continuing keen pressure on prices especially in the automotive sector.
On the 27th April the Supervisory Board of the new Trevira GmbH held its first constitutional session and elected chartered accountant Werner Schneider as chairman. Schneider is very satisfied with the development of the company since its relaunch in January: We are presently proceeding on the assumption that in the second half of the year we will have stabilised our position, to the extent that we can carry forward the upcoming process of selling Trevira GmbH to a new owner.