Formosa Taffeta invests $40M in Schoeller Textil for 50% stake

Formosa Taffeta will become a 50% shareholder in Schoeller Textil via a capital increase of $40 million. The partnership aims to develop new textiles including sea yarns and smart apparel.

“Together with Formosa Taffeta, we will become more competitive and expand our presence in Asia.”texintel.com

• 1 source
• texintel.comFormosa Taffeta Invest $40m In Schoeller Textil To Develop New Textiles Including Sea Yarns And Smart Apparel — TEXINTELDebbie MckeeganOct 28, 2019

Summarized from public sources; check the original articles before acting on it.