Investments

VelveTex

VelveTex

Company name: VelveTex, a.s.

Website: http://www.velvetex.sk

Industry: Textile Industry

Seat: Trenčín, Slovakia

Number of employees: 1150

Year of Penta’s investment: 2005-2009

Investment

VelveTex was the only producer of artificial silk fabrics in Slovakia. Its major products include technical fabrics and interior decoration fabrics. Penta entered the company when it filled for bankruptcy, restructured its operations and realized the exit.