Saturday, October 27, 2012

Demerger of Textiles announced (1989)

Not strictly Tencel-related but this is a reminder that Courtaulds was under pressure from the shareholders in the late 80's, with rumours of possible take-over.  Kerry Packer is mentioned here.  Coming after the sale of the wood-pulp business in 88, the demerger of Textiles added to the impression that fibres in general and cellulosics in particular might not be the highest of priorities for the next decade.

It was around this time that the board was being asked to consider a major investment in a long-term project aimed at leading the next century's fibre industry with a new sustainable fibre.

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