czech-republic

9th Sep 2019

Teijin, a group which offers advanced solutions in areas as environmental value, and safety, security and disaster mitigation, has taken over Benet Automotive, a leading automotive composite and component supplier in the Czech Republic, from Jet Investment. Teijin will benefit from Benet's automotive composite technologies and its well-proven supply...

2nd Apr 2019

PFNonwovens, a producer of nonwovens textiles, recorded revenues of CZK 6,484.8 million ($282.21 million) in 2018, up by 5.1 per cent yoy. In Q4 2018, revenues reached CZK 1,682.1 million ($73.20 million), up by 16.2 per cent yoy. Polymer prices on average grew by more than 6 per cent yoy which impacted sales positively which in turn led to increase in ...

23rd Aug 2018

PFNonwovens as, a leading European producer of nonwovens textiles, has recorded consolidated revenues of CZK 2,984.2 million in the first half 2018, down by 0.3 per cent year-on-year, as per the unaudited results announced by the company. The appreciation of CZK had a negative impact on revenues as most of the company’s revenues are in euro.

4th Jun 2018

R2G, which owns majority interest in Pegas Nonwovens, is taking over 100 per cent of First Quality’s nonwovens operations in the US and China. The transaction, which is subject to customary closing conditions, is expected to be completed early in the third calendar quarter of 2018. The acquisition will expand R2G’s presence into North America and Asia.

28th Mar 2018

The consolidated revenues of Pegas Nonwovens for fiscal 2017 grew 7.0 per cent y-o-y to a total of €220.8 million. The rise was related to the growth in sales volumes resulting from the launch of new production capacities. Revenues were also positively affected by the development in polymer prices, which grew by an average of more than 10 per cent...

19th Dec 2017

Pegas Nonwovens SA will relocate its headquarters from Luxembourg to the Czech Republic. The relocation proposal was approved at an extraordinary general meeting of the company. The meeting also asked the board of directors of the company to transfer the head office to the Czech Republic. Pegas recently started a new line in Znojmo town of Czech...

3rd Oct 2017

Pegas Nonwovens has signed a Memorandum of Understanding with the supplier of production technology Reifenhäuser Reicofil, for the delivery of a semi-commercial production line RF5 Bico FHL R&D 2F for the plant in Znojmo-Přímětice in the Czech Republic. The annual production capacity of the line will depend on the used input raw materials.

11th May 2017

Pegas Nonwovens SA, a leading European producer of nonwoven textiles, recorded consolidated revenue of €55.8 million in the first quarter 2017, up by 1.2 per cent year-on-year basis. However, in the first quarter of this year, profit from operations (EBIT) amounted to €7.1 million, down by 5.5 per cent compared with the first quarter of 2016.

30th Nov 2016

In its unaudited results declared for the nine months ended September 30, 2016, Czech Republic headquartered Pegas Nonwovens reported an EBITDA growth of 14.6 per cent year on year at €34.1 million. Increase in production volumes by 1.5 per cent and revaluation of the share option plan, were among the several reasons for the EBITDA growth.