Home / Knowledge / News / Textiles / TenCate finalizes acquisition of geosynthetics activities of Emas Kiara
TenCate finalizes acquisition of geosynthetics activities of Emas Kiara
19
Mar '11
Ten Cate Geosynthetics Asia announces the successful closing of the acquisition of the geosynthetics activities of Emas Kiara Industries Berhad, a publicly listed company based in Rawang, Malaysia. The completion of this transaction provides TenCate Geosynthetics with a significantly larger position in the supply of geosynthetics solutions to the Southeast Asian markets.

Emas Kiara Industries is an important full-line producer and supplier of a wide range of geosynthetic products and solutions with primary focus on the Asian markets. This addition of the Emas Kiara production capabilities, employees, and product brands will strengthen the position of TenCate Geosynthetics activities in this rapidly growing region of the world.

These activities are concentrated on the rapidly growing environmental, infrastructure and water management applications in the region. One example of the succesfull business lines is the TenCate Geotube for coast protection, land reclamation and environmental dewatering projects for cleaning harbours, rivers etc.

Wally Moore, global group director TenCate Geosynthetics says: 'In combination with the existing production activities of TenCate Geosynthetics in Malaysia and China, and the existing pan-Asian market activities, TenCate is expanding its leading market position. As a result of this acquisition, TenCate substantially increases the revenues of geosynthetics in this region'.

In addition to continuing other non-geosynthetic related business, Emas Kiara maintains their geosynthetic construction and installation activities with exclusive product supply support from TenCate. In this way Emas Kiara and TenCate combine their efforts and will be a strong solutions driven combination.

The acquisition provides an immediate accretive benefit to the earnings of TenCate in 2011. The acquisition is financed through the credit facilities of TenCate.

TenCate Geosynthetics develops and produces synthetics fabrics, non-wovens and grids, and designs solutions and systems for infrastructure and civil engineering. TenCate Geosynthetics has plants in Europe, North America and Asia.

TenCate NV

Must ReadView All

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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