Pioneering leather manufacturer announces closure
As reported in the September 24 edition of our Market Intelligence newsletter, Spanish leather manufacturer Tenerías Omega has announced that it is to close down.
Local media in Navarra in the north of Spain have said the company had gone into administration and that its 79-strong workforce had had their contracts temporarily suspended.
But in mid-September, according to the same local media reports, following analysis of company’s financial situation by the administrators, the leadership team at Tenerías Omega told the authorities that its tannery in the town of Villatuerta will need to close.
At the tannery, which is 40 kilometres south-west of Pamplona, the company developed a specialism for producing leather for transportation applications, particularly automotive. It was also one of the pioneers of the Olivenleder process, which uses residues from the olive oil industry in tanning, having carried out its first tests of the technology in 2016.
Tenerías Omega had been in operation since 1991, when a leather manufacturing group from Valenica moved north to take over some of the business of Curtinova, a leather manufacturer that had employed as many as 400 people in the local area at one time before closing in the 1980s.
