New CEO at Nylstar

24/07/2013
Polyamide filaments and yarns producer Nylstar has appointed a new CEO to manage growth, after increasing turnover 20% in the first half of the year.

Zigor Kortazar will lead an expansion of the Spanish company, which reportedly is aiming to maintain 20% growth over the next five years.

It has expanded its workforce this year, mainly in the commercial and marketing divisions, and has strengthened its presence at trade fairs, as well as opening an office in China.

Founded in 1923, Nylstar was acquired in 2009 by private equity firm Praedium. It had a turnover last year of EUR 60 million and employs around 220.