Hoftex Group AG. Stock Analysis NBH.MU

Hoftex Group AG engages in the business of developing, producing, and distributing yarns, fabrics, home decorations, and nonwovens. The firm operates through three business segments: Hoftex, Tenowo and Neutex. The Hoftex segment offers spinning-mill products, such as dyed yarns and threads, with a focus on technical textile products and exclusive clothing and develops and produces numerous textiles and yarns for tire production, for applications in the food industry. The Tenowo segment develops and manufactures nonwovens for automotive applications and with nonwoven textiles for the construction industry, the cable industry, for medical applications, consumer goods sector and clothing industry. The Neutex segment consolidates the segments of product development, sales, and customization of decorative fabrics and interior sun-protective textiles, ready-made home textiles and textile sun-shading solutions, among others. Its services are divided into textile and apparel units through which its segments operate.