Bobingen - Synthetic fibre supplier Trevira says it remains optimistic for the remainder of 2023 as it looks to bounce back from a challenging 2022.
With a rebranding now complete to bring it into line with its Thailand-based parent company Indorama Ventures, the company, now known as Indorama Ventures Fibers Germany, said that the flame-retardant Trevira fibres and filament yarns business came under pressure from a number of external factors, particularly rapidly increasing energy and raw material costs.
"All in all, 2022 was a challenging year for the area of flame-retardant Trevira fibers and filament yarns," the company said. "Due to the massive increase in energy costs and the resulting inflation, it was unavoidable to make price adjustments. The generally prevailing uncertainty in the market also led to a reluctance to buy on the European property market, which reached its peak in the 4th quarter. Overall, we are slightly optimistic for 2023, but do not expect the market to recover until the second to third quarter.
"The strong demand for recycled fibres (pre-consumer) for use in Trevira CS eco textiles should be emphasized. Unfortunately, due to delays in the start-up phase, we were not able to fully meet the requested quantities. We see significant growth potential here for 2023. Investing in a new melt filter for one of our spinning systems will help to better meet the increasing demand through the associated process optimization. Our business in Italy and Turkey has proven to be particularly robust, where we achieved the targets we had set for 2022."
Trevira has been an affiliate of Indorama Ventures, Thailand, which acquired the German company in 2011, initially as a joint venture partner, and then completely in 2017.
After numerous other international company acquisitions, Indorama Ventures now has 147 locations in 35 countries and employs more than 26,000 people in three business segments.
To strengthen the corporate brand Indorama Ventures and provide a consistent brand experience for all stakeholders, Indorama Ventures is now consolidating the names of all its associated companies under the corporate umbrella brand.
The Trevira product brands, e.g., Trevira CS, will continue to be valid although customers can now submit their products to Indorama Ventures Fibers Germany GmbH for trademark testing and receive Trevira trademark approvals.