Avgol & Elmarco ink accord for nonwoven pilot project
10 Dec '08
1 min read
Two giants of Nonwovens Industry, Avgol the leading global manufacturer and supplier of nonwoven fabrics and Elmarco the world leader in nanofiber industry that offers machines for industrial production of nanofibers, recently entered into a joint venture.
Both Companies inked a technology cooperation agreement to establish a pilot facility for the production of nonwoven fabrics. For this project Avgol will utilize Elmarco's proprietary technology, for manufacturing nonwoven fabrics.
According to sources it will take a year to complete the pilot project and Avgol has decided to invest near about Euro 2 million for the development of this facility.
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