Leading nonwovens producer eyes South African market
23 Dec '09
3 min read
The South African company is jointly owned by Fibertex, the Danish Industrialisation Fund for Developing Countries (IFU) and the South African company Safyr, which is owned partly by local industry specialists and partly by Industrial Development Corporation (IDC) - South Africa's equivalent to the Danish State investment fund Vækstfonden. Fibertex will invest approx. DKK 25 million in the company, acquiring a 26% ownership share. IFU has previously participated in a similar Fibertex project in Malaysia, and Fibertex has the option of acquiring IFU's 25.8% in future.
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