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Tuesday, September 2, 2003

Maintaining Texmaco's productivity will only be possible if there is a change in its ownership, not to any businessman, but to one who can be trusted by creditors worldwide.

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ADMITTING a mistake is not easy, particularly for an experienced businessman like Marimutu Sinivasan. The founder of the Texmaco Group spent decades building his business empire from a small company into one of the world's largest producers of textiles. His success boosted his confidence and he felt he had the ability to follow in the footsteps of Toyota, which had its first success with textiles before achieving in the automotive world. It i

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