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Chisso-Fiberweb JV on feasibility study for non-wovens
16
Dec '09
The Fibers and Fabrics Division of Chisso Corporation of Japan and the Consumer Fabrics Division of Fiberweb plc announced a collaboration program to evaluate the establishment of a new jointly-owned spunbond non-wovens manufacturing operation in China.

The proposed venture would focus on hygiene and personal care products and would use the latest generation of Spunbond/Spunmelt manufacturing technology, benefiting from the extensive experience of both partners in specialty spunmelt technology.

Both Chisso Corporation and Fiberweb plc consider the personal hygiene market in China and in other Asian markets to be of strategic importance in the future development of their non-woven production businesses. The feasibility study announced today will focus on evaluating the technologies and volumes that will be required to support these markets over the coming three to five years.

Commenting on the proposed collaboration with Chisso, Fiberweb CEO Daniel Dayan commented: This agreement between Chisso and Fiberweb to explore investment opportunities in Asia jointly marks another exciting step in Fiberweb's drive to establish a global platform for its leading spunbond business. Both Chisso and Fiberweb bring important commercial and technical insights to this assessment of the market, and we look forward to a close and fruitful cooperation.

Also Chisso COO & President Shunichi Okada commented: So far, our spunbond business has been targeted mainly in Japanese market based on Chisso's bicomponent fiber technology. We have been highly reputed by both within and outside of Japan. It is quite exciting to conduct feasibility study of new spunbond joint venture in China with Fiberweb that has leading roll in global market of spunbond business. I strongly believe that this study allows us to explore the launch of a new joint venture company to highly satisfy customers by utilizing both parties' experience and technical expertise.

Fiberweb plc

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L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

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