On February 4, 2013 Nexis Fibers Group acquired all the relevant assets of TWISTA spol. s r.o. Humenné, one of the largest twisting companies in Europe.
We believe that this acquisition will reinforce the Nexis Fibers Group business, expand our product portfolio for our existing business partners, but also for our new potential customers. The aim is to use the synergy between our existing production of industrial yarns and the possibility of developing new kinds of products on the acquired machinery. We are convinced therefore to be better prepared to respond to the demand of some international companies looking for the development of their businesses in Europe for specialty yarns. With the acquisition of the assets and the restart of the twisting plant, we will create a number of new employees for the Humenne area of minimum 50 full time equivalent for beginning.
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