Related Keywords: acrylic plant in spain, Italian group Montefibre, Modaes, Montefibre Hispania, Praedium, Spanish textile and fashion magazine
Modaes, the Spanish textile and fashion magazine on 29 April reported that after a month and a half of negotiations Praedium acquired 90 per cent of Montefibre Hispania, Montefibre’s plant in Miranda de Ebro, Spain. The Italian group Montefibre retains the remaining 10 per cent until bankruptcy proceedings for the Spanish plant are finalised.
The plant, which employed 250 people, is designed to produce 95 ktons of acrylic but has been closed for a year. Praedium, which already owns Nylstar and the Spanish fashion accessory brand Lupo, intends to restart the plant in September.
