HAMM - Advansa, the manufacturer of technically advanced & sustainable polyester fibres, has confirmed that a new investor has stepped in to secure the remaining 65 jobs and the continuation of polyester fibre production at its plant in Hamm, Germany.
Schwarzwälder Textil-Werke Heinrich Kautzmann GmbH (STW Kautzmann) from Schenkenzell, a company of the Kautzmann Group, will take over only the essential assets of the insolvent Advansa Manufacturing GmbH, in agreement with Insolvency administrator Holger Rhode.
Former parent comapny, The Advansa Group announced in March that it would be closing its site in Hamm later this year but that this would have no direct impact on the current business operations of the other Advansa Group companies, including Advansa Marketing GmbH which will continue its operations as a supplier for all European and worldwide customers, nor the Advansa BV in the Netherlands, which owns the relevant IP and trademark rights.
STW Kautzmann will therefore take over the 65 employees of the company, who were originally supposed to finish production by the end of June 2023, preventing the closure of the polyester fibre production in Hamm.
The continuation of the site will initially be realized within the framework of an agency agreement with the insolvent Advansa Manufacturing GmbH. "By the end of the year, the necessary investments have been made in order to operate with the newly founded Engineered Fiber Solutions GmbH under the umbrella of STW," explained a representative, "In the future we will develop, produce and sell technical special fibers with a focus on the paper and nonwovens industry,"
STW Kautzmann is a mid-size, family business which manufactures short-cut fibres for the construction and plastics industries, among others.
The Advansa group today with its affiliated company Asia Pacific Fibers (APF) is a significant international group with large polyester fibre and filament production capacities in Indonesia, as well several ongoing manufacturing cooperations and technology agreements with OEM producers, in some cases dating back over 20 years to the time of DuPont.
Advansa Marketing GmbH will therefore continue its daily work and fulfil orders in the usual way especially for the fibre-fillings and nonwovens businesses. Customers in the paper industry will also continue to receive services relating to short cut fibre supply including various options.