Schoeller Textile: Formosa Taffeta from Taiwa...
Schoeller Textile

Formosa Taffeta from Taiwan buys 50% stake

Schoeller

The textile producer Formosa Taffeta Co., Ltd., Taipeh/Taiwan, plans to buy a 50% share of the textile manufacturer Schoeller Textil AG, Sevelen/Switzerland.

The nominal share capital of Schoeller is to be doubled by means of a capital increase.
Schoeller intends to use this inflow of funds to accelerate investments in research and development and to advance into new market areas.
Schoeller Textil and Formosa Taffeta have been jointly operating the Schoeller FTC joint venture in Hong Kong/China for 18 years.

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