New deal will help DyStar accelerate growth plan - sportstextiles: Lea SportsTextiles

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New deal will help DyStar accelerate growth plan

06/08/2012
Textile chemicals and dyes manufacturer DyStar has renegotiated its credit facility with the State Bank of India, a move that the company says will help it accelerate its long-term growth plans because it improves cash-flow.

“This transaction was one of many strategic steps in the process of establishing DyStar as long-term supplier of textiles dyes, chemicals and services to the global textile market and it’s comforting to have this financial flexibility worldwide at a time when many global economies are facing difficulties,” said chief executive, Harry Dobrowolski, on making the announcement.

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