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FiberVisions & TRC forms JV for production of PP fibers
01
Jun '09
FiberVisions a/s and Tel Rad Cuyo (TRC) announced that they have formed a joint venture for the production, marketing and sales of polypropylene fibers in South America.

As part of the transaction, FiberVisions a/s purchased 50% of TRC, the largest merchant market producer of polypropylene fibers in South America with a plant located in the San Juan province of Argentina. TRC will be renamed FiberVisions South America and the partners will work together to serve local and global customers in the region.

Dr. Stephen Wood, CEO of FiberVisions, noted that “we are extremely pleased to be a partner with TRC, a leading and well-respected company in South America. This joint venture will provide FiberVisions with quality local manufacturing assets and product development capability enabling us to provide even better service to our current customers in the region.”

“We believe that the venture with FiberVisions will give our customers access to the best technology and the highest quality fibers,” stated Dr. Guillermo Kraves, President of Tel Rad Cuyo. “South America is a high-growth region of the world and we will be investing to support that demand.”

FiberVisions is the world's leading supplier of polyolefin fiber. It is also the global leader in bicomponent fibers with its partner, Chisso Corporation, through the ES FIBERVISIONS joint venture. The Company's products add performance and processing benefits to a variety of markets, including the hygiene, textile, automotive, and construction industries.

Tel Rad Cuyo is the major supplier of polypropylene fibers for hygienic applications in South America. TRC also provides products for the textile, automotive, and construction industries. The Company has manufacturing facilities in the San Juan province of Argentina and, with over 20 years of experience, TRC has developed a leading position in the region.

FiberVisions a/s


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