February 2012

Press release
February 2012
TFL successfully closed the business year 2011
TFL, the market leader in leather chemicals, successfully closed the business year
2011. Sales exceeded budget and the envisaged goals were attained, despite
negative factors due to rising raw materials prices and exchange rate fluctuations
depressing margins.
TFL’s range of products and services continues to be highly appreciated by our
customers and is the focus of strong demand. In particular our systems for
optimizing the chemicals essential for leather production make TFL the ideal partner
for the industry at a time of steadily rising raw materials costs.
Given the available innovations and solid cash flow management coupled with the
support of our stakeholders, who provide adequate liquid funds, TFL is well prepared
to face the years ahead.