Home / Knowledge / News / Textiles / Ambitious investment plans by a nonwovens leader
Ambitious investment plans by a nonwovens leader
Nov '10
The Board of Directors of Companhia Providência Indústria e Comércio, a leader in the manufacture and sale of nonwovens in Brazil with a significant presence in the Americas and operating globally, wishes to inform the market and its shareholders that:

At a meeting held on November 22nd 2010, the Board of Directors approved investments of up to US$ 120 million incorporating two production lines, as well as other related assets, one of which to be installed in Brazil and the other in the United States, each one with an installed capacity of 20 thousand tons of nonwovens destined for markets manufacturing disposable hygienic and medical disposable end-uses products. The production lines are expected to go into operation in the first half of 2012, resulting in an increase of 40% in the company's total installed capacity.

In addition, a memorandum of understanding was signed with an option agreement for purchasing a further two production lines from the supplier, Reifenhäuser Reicofil GmbH & Co. KG.

The new investments are in line with market demand growth and follow our strategic plans, as they are designed to increase the production capacity of the plants in Brazil and the United States, with consequent savings in logistical costs and closer proximity to the major nonwovens consumer markets., and in line with growth in demand and our strategic plan.

Companhia Providência Indústria e Comércio

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eamonn Tighe
Nature Works LLC

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search