Formosa Taffeta Co., Ltd.

Activity by year

20192020202120222023202420252026

AcquisitionInvestment

Oct 28, 2019INVESTMENTSevelen, Switzerland, Switzerland$40.0M
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.
Schoeller Textil Formosa Taffeta Co., Ltd. investor #Industrial Textiles texintel.com
Oct 17, 2019ACQUISITIONSwitzerland$40.0M
FTC to acquire 50% stake in Schoeller Textil for CHF 40M
FTC (Formosa Taffeta Co., Ltd.) announced it will invest up to CHF 40 million (about TWD 12.3 billion) to subscribe to a capital increase of Swiss functional fabric maker Schoeller Textil, acquiring a 50% stake to expand into high-end applications.
Formosa Taffeta Co., Ltd. acquirer Schoeller Textil target #Industrial Textiles news.cnyes.com sgieurope.com

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