# 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.

- Type: Investment
- Announced: 2019-10-28
- Where: Sevelen, Switzerland, Switzerland
- Value: $40.0M
- Status: announced
- Products: functional textile fabrics, sea yarns, smart apparel
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Schoeller Textil](https://endata.com/companies/42757.md)
- [Formosa Taffeta Co., Ltd.](https://endata.com/companies/42756.md) (investor)

## Sources

- [texintel.com](https://www.texintel.com/press-room/formosa-taffeta-invest-40m-in-schoeller-textil-to-develop-new-textiles-including-sea-yarns-and-smart-apparel), 2019-10-28: "Together with Formosa Taffeta, we will become more competitive and expand our presence in Asia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.