History

1838 Anton Woess and Johann Grillmayer jointly found the "Baumwollgespunst-Fabrika" in Linz/Kleinmuenchen, which remains a privately-owned enterprise until 1872.
   
1872 Foundation of "AG der Kleinmünchner Baumwoll-Spinnerei und mechanische Weberei" with the take-over of the plants and real estate property owned by "Johann Grillmayr und Söhne".
   
1978 The company's name is changed to Linz Textil Aktiengesellschaft.
   
1981 Modernisation and enlargement of the Linz weaving mill, as well as closure of the printing and dyeing plants in Moellersdorf/Lower Austria.
   
1982 Acquisition of the Felixdorf spinning mill.
   
1984 Acquisition of Weberei Telfs GmbH.
   
1985 Acquisition of the Matrei spinning mill.
   
1987 Acquisition of Textilwerke Reutte GmbH and foundation of Linz Textil GmbH as an independent operative unit by means of disincorporation from Linz Textil Aktiengesellschaft.
   
1988 Capital increase through capitalization issue.
   
1990 Extension and overall modernization of the production hall with incorporation of new production systems at the Linz spinning mill.
   
1992 Acquisition of the Klarenbrunn/Bludenz spinning mill.
   
1994 Acquisition of the Landeck spinning mill.
   
1999 Expansion of the production hall with incorporation of additional production systems at the Landeck spinning mill.
   
2000 Erection of a new weaving mill at the Linz location, with a production area of 17,500m². The 2000 business year was the best in the company's history!
   
2001 Conversion of the company's share capital currency from the Austrian schilling to the euro, as well as change-over from par shares to no-par shares with a simultaneous increase of the share capital to EUR 15,000,000. Furthermore, the shares are split at a ratio of 1:2, so that the 150,000 no-par shares originally issued are replaced by 300,000 no-par shares. Completion of the new high-performance weaving mill at the Linz location.
   
2002 Acquisition of the "Predionica Klanjec d.d." spinning mill in Croatia, which strengthens the company's market presence and broadens its range of products.
   
2004 Acquisition of 100% of the Vossen AG group. Restructuring of Textilwerke Reutte GmbH to form Linz Textil GmbH Textilwerke Reutte und Liegenschaftsverwaltung Reutte GmbH. Purchase of a majority interest in the RTK spol. S.R.O. weaving mill, CZ.
   
2005 In 2005, the group's structure changes as a result of the shut-down of two production units (the cotton spinning mills in Felixdorf (A) and Jindrichuv Hradec (pilot project in CZ)).
   
2006

At its meeting on November 24, 2006, Linz Textil Holding AG's supervisory board decides to implement a viscose project, in China, including the erection of a viscose spinning mill.

   
2007 Global changes and shifts led-tions of markets to further adjustments in capacity. The spinning Matrei was merged with the production in Landeck. The capital stock was reduced to € 6.0 million.
   
2008 The textile industry is fully in the grip of the global economic crisis. Spinning and weaving capacity is reduced sharply and for this reason the Reutte weaving mill has to be closed. Construction work at the Nanjing plant in China is completed and production at a reduced level is postponed until 2009. 
   
2009 In spite of the economic crisis and difficult general conditions, the Linz Textil Group succeeds in closing the year with a positive result. The Linz (Nanjng) Viscose Yarn Co. Ltd. spinning mill is launched successfully and is already well established from a technological, quality and productivity standpoint. Two major fires at the Linz spinning mill at the end of the year destroy important storage facilities and cause serious damage.  
   
2010 The year started with another major fire at the Linz site and this severely affected the viscose spinning works in Linz. Increased investments were triggered, including in a new high-bay storage system. The easing of the financial crisis led to a stabilisation of the markets, which enabled the Linz textile group to record healthy consolidated results.
   
2011 The tightened framework conditions made it necessary for the Linz textile group to align the production models and concepts in the second half of 2011. Due to the forward-looking investment activities of the previous years and the greater flexibility at the ultra-modern production sites, it was possible in the course of this restructuring to maintain the group's clout and further increase this in certain areas.
   
2012 The consequences of the economic and financial crisis continued to dominate the international economic environment. These had a dampening effect on the development of demand and therefore retarded the growth of global trade. However, despite these fragile framework conditions the Linz textile group succeeded in recording comparatively stable business performance, even if it was not possible to attain the market volumes and revenue levels of the previous year.
   
2013

As a result of the overall economic development picture, the weaker demand situation that predominated in the first half of 2013 continued until the end of the year. Consequently, the sales volume in the standard segment was reduced considerably at the Linz spinning mill and was partly compensated for by higher value replacement products. A fall in the sale price for viscose yarns and grey fabrics also contributed to this scenario.

 

 

 2014

During last year, the strategy of developing of new product lines, which has already been successful in the past was again pursued systematically. One point of emphasis was formed by a still greater spezialisation in the air jet yarn product family. At the same time, a second focus was formed by the stabilisation of the polyester yarn business area. In this connection, production was transferred from Landeck to Linz.

 

 

 2015

Investment activity was dominated by the mayor project in the ultrafine cotton yarn area at the spinning mill in Landeck. In the course of structural readjustment, cotton yarn production at the klarenbrunn spinning mill location ceased on 30 June 2015 and operations were shut down.

 

 
 
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