Home / Knowledge / News / Textiles / Providencia US to maintain two nonwovens plants
Providencia US to maintain two nonwovens plants
Aug '08
Companhia Providencia Industria e Comercio's Board of Directors approved the establishment of a wholly-owned subsidiary in the United States for the purpose of acquiring, operating, selling and maintaining two production lines with combined installed capacity of 40,000 tonnes of nonwovens per year.

Total investments were estimated at US$120 million and include the machinery to be acquired from Reifenhäuser Reicofil GmbH & Co KG, and other related assets such as land and installations. The first production line is expected to start up in July 2009, and the second during the first half 2010.

In addition, on July 23, 2008, a memorandum of understanding was signed with the equipment vendor, including the option to acquire four production lines, to be exercised on or before December 2012. The Company intends to reduce its logistic costs, to better strategically position itself and to expand businesses with its customer base in North America.

Companhia Providência Indústria e Comércio (“Providência” or “Company”) is a leading producer of nonwovens in Brazil, with an important presence throughout the Latin American market. The Company believes that it was the third largest manufacturer of PVC pipes and fittings in Brazil in 2006, in terms of sales volume.

Companhia Providência Indústria e Comércio

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Lynda Kelly
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search