Tesil Fibres is one of the most important producers of polyester in Europe. TESIL® fibers are made from selected post-consumer PET bottle flakes and are designed to meet the requirements of several end markets. In the area of r-PET fibers TESIL stands for a premium quality product characterized by optimized properties such as tenacity-elongation balance, color-matching to narrow customer specifications, an outstanding fit for the use of different nonwoven technologies and tailored finishes. Fibre production has been part of the traditional operations in Planá nad Lužnicí, Czech Republic dating back to 1966, and being integral part of SILON s.r.o. In August 2022 PET Baltija, one of the largest PolyEthylene Terephthalate ("PET") recyclers in Northern Europe, announced an agreement to acquire a leading Czech fibre producer Tesil Fibres s.r.o, a spin-off of SILON s.r.o. This transaction has become one of the largest investments by a Latvian company in the Czech Republic to date. The operations spun-off to Tesil Fibres encompass country-leading annual staple fibre production capacities of 33 000 tonnes and c. 150 employees.