Despite the challenges of the past year, Trevira was able to exceed expectations in 2021 with total sales of around €232 million. The positive signals in the market continued, particularly in the home textiles sector. Business with the flame retardant fiber brand Trevira CS picked up again in 2021. This area came under pressure in 2020, mainly due to the lockdown measures for the hotel and event sector. Good improvements were achieved in key countries such as Italy, Germany and Scandinavia. However, rising costs (especially energy, but also raw materials, chemicals, packaging) presented the company with major challenges.
The first 5 months in 2022 also went well. There is great development activity around the new Trevira CS brands. The trend towards sustainability continues, which is also reflected in the demand for the Trevira CS eco brand. However, there is also strong demand for the UV-stable, spun-dyed filament yarns, which have been specially developed for the outdoor sector and, in addition to flame retardancy, also offer high performance in terms of lightfastness and tear resistance, now that the cruise ship sector is also slowly starting up again after 2 years with corona pandemic.
At present, the Trevira CS business assumes for 2022 that the positive signals from the catch-up effects from the period of the corona lockdown are of greater importance than possible downsides caused by rising energy and material costs and the resulting inflationary development.
The integration of Trevira GmbH, Bobingen/Germany, into the parent company Indorama Ventures Public Company Ltd. (IVL), Bangkok/Thailand, has progressed rapidly. The Bobingen-based Fibers Business Unit has been assigned to the so-called "Vertical Hygiene" and the Filaments Business Unit in Guben/Germany to the "Vertical LifeStyle". This will allow synergy effects to be exploited which arise from close cooperation with the respective sister companies.