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NYLSTAR: search for investor launched

TROUBLED Spanish nylon yarn producer Nylstar, struggling under a debt burden of EUR 25m, launched a search for a new investor to provide the initial sum of around EUR 5m that would allow it to resume production.

Nylstar

Nylstar

Earlier news of excessive yarn stocks to be disposed of threatens to make the search particularly difficult. Only the most ill-informed, or excessively optimistic, potential investors could consider that further cash injections might lead to a successful turnaround.

 

See also:

NYLSTAR: future becomes more uncertain

NYLSTAR: resumption of production delayed

NYLSTAR: temporary layoffs planned

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