Press Release Summary = Gamma Holding develops, manufactures and sells textile-based products throughout the world. At the end of 2003 it had 163 subsidiary companies in 35 countries, 43 production facilities, and a total of 9,353 employees.
Press Release Body = Profile of Gamma Holding
Gamma Holding develops, manufactures and sells textile-based products throughout the world. At the end of 2003 it had 163 subsidiary companies in 35 countries, 43 production facilities, and a total of 9,353 employees. Its headquarters are located in Helmond, Netherlands, and its shares are listed on Euronext Amsterdam. Gamma Holding's turnover is split almost 50:50 between two main sectors: Gamma Technologies, and Gamma Comfort & Style. The emphasis in Gamma Technologies is on technical and industrial products with a focus on markets in developed countries. In the case of Gamma Comfort & Style, the focus is more on commodity-type products where the company can retain a lead through long established sales networks and production chains. Since the late 1990s, Gamma has largely exited the traditional sectors of home furnishing and carpets while making a number of significant acquisitions in highly specialised technical textile areas and filtration. In 2004 the performance of Gamma Technologies has been badly hit by adverse exchange rates-notably the weakness of the US dollar. Also, instability in West Africa is now threatening the high performing Exotic Fabrics African fashion business, which is a key part of the Gamma Comfort & Style sector.
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