Home / Knowledge / News / Textiles / Fiberweb in talks with Brazilian Co over spunbond JV Americas
Fiberweb in talks with Brazilian Co over spunbond JV Americas
15
May '09
Fiberweb announces that it is in advanced discussions with leading Brazilian spunbond producer Fitesa and Fitesa's parent company Petropar, concerning the establishment of a 50/50 joint venture focused primarily on the market for hygiene fabrics for use in diapers and feminine care products in the Americas.

Such a joint venture would comprise Fitesa, the third largest producer of spunbond nonwovens in South America at its site at Gravatai, Brazil and all of Fiberweb's spunbond facilities in North America, specifically at Queretaro, Mexico and Washougal, USA, which together are currently the fourth largest spunbond producer in North America.

Fiberweb believes that the joint venture would be the second largest producer of spunbond nonwovens in the Americas and would enjoy a leading asset and technology base with potential for further development.

The Joint Venture plans to expand its operations in the US, through investment in new spunbond capacity.

Completion of any such transaction would require various consents, including approvals from the Boards of both parties and from the shareholders of both Fiberweb and Petropar. There can be no certainty that such a transaction will be completed or about the likely timetable for completing negotiations and obtaining consents.

Fiberweb


Must ReadView All

Azerbaijan's Gilan Textile Park raises exports by 40%

Apparel/Garments | On 18th Aug 2018

Azerbaijan's Gilan Textile Park raises exports by 40%

Azerbaijan's Gilan Textile Park has raised its exports by 40 per cent ...

CPD studies living cost of Bangladesh RMG workers

Apparel/Garments | On 18th Aug 2018

CPD studies living cost of Bangladesh RMG workers

The living cost of readymade garment (RMG) workers in Bangladesh...

Brazilian cotton price index returns to April 2018 level

Textiles | On 18th Aug 2018

Brazilian cotton price index returns to April 2018 level

Cotton prices dropped in Brazil in the first fortnight of August as...

Interviews View All

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Divvya and Nidhhi Gambhir
Walnut

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

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search