Home / Knowledge / News / Textiles / Nonwovens producer announces two Asian joint ventures
Nonwovens producer announces two Asian joint ventures
Mar '08
Fiberweb plc (Fiberweb) is pleased to announce that it has entered into two separate Joint Venture agreements in China and India which in aggregate are expected to contribute 0.3 pence to earnings per share from 2010.

In China, Fiberweb has agreed to invest $2.5m of cash into a 30 year joint venture with Tianjin Hengguan Nonwoven Company Limited, a Chinese spun-bonded polyester manufacturer. Fiberweb will own 65% of the venture which will exploit Fiberweb's strong franchise in polyester spunbond fabrics.

In India, Fiberweb has signed an agreement to set up a joint venture with a group of local individual investors which will establish the first premium geotextile manufacturer in India, exploiting Terram's leading products and strong brand.

This envisages Fiberweb will upgrade and sell its currently idled line from Terram in Pontypool, Wales, to the joint venture and grant a license to the trademark Terram.

Fiberweb will own 26% of the venture and will receive £1.35 million in cash for the line and the license. The upgraded Terram line is expected to be relocated to a new site by Q1 2009.

Fiberweb plc

Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search