Home / Knowledge / News / Textiles / Ambitious investment plans by a nonwovens leader
Ambitious investment plans by a nonwovens leader
29
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

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Paolo Ocleppo
Sandvik Hyperion

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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