TMS Implementation at Fiberweb
by Christof Nelischer, former Group Treasurer, Fiberweb
Fiberweb plc is one of the world’s largest and leading suppliers of high performance, specialty non-woven fabrics. One of the ways it seeks to drive profitable growth and enhance its competitive position is by improving cost reductions and operational efficiency on a global scale. Following the company’s flotation in 2006, it was faced with the challenge of setting up a best practice treasury operation in a short timeframe, as described in a previous edition of TMI. As part of this project, Fiberweb made the decision to implement the Wallstreet Treasury ASP solution to support a streamlined, efficient Treasury operation without placing a heavy burden on resources.
One of our objectives was to introduce best practice models for key treasury operations and services to the rest of the company.
Non-woven materials developed, manufactured and marketed by Fiberweb are used in a wide variety of everyday products such as filters, industrial wipes, baby diapers, fabric softener, construction products and protective clothing. With extensive experience in its field, Fiberweb has long been regarded as a technological innovator with an extensive portfolio of intellectual property. Fiberweb leads the market in many of its product and application areas using a variety of leading manufacturing technologies, including several proprietary processes. With revenues approaching a billion dollars and over 2,000 employees worldwide, the company has a strong global position. Fiberweb’s shares are listed on the London Stock Exchange (FWEB.L).