PGI’s net sales were $439.9 million for the second quarter of 2014 compared with $291.5 million for the second quarter of 2013. The increase in net sales was primarily driven by an increase in overall volumes. Net sales in Asia increased 8.8%,… Read More »
Nets sales for the first quarter increased 47% to $422 million at Polymer Group Inc., thanks largely to the integration of Fiberweb, a company acquired in late 2013 as well as the contribution of a new Asian line.
Without the Fiberweb acquisition, s… Read More »
As we went to press, Lydall announced it had acquired the industrial filtration business belonging to Andrew Industries for $83 million. The move strengthens Lydall’s position as an industry-leading global provider of filtration and engineered… Read More »
Polymer Group Inc. (PGI), the world's largest nonwovens manufacturer, will make an investment of approximately $8 million to upgrade machinery and expand its manufacturing plant in Waynesboro, VA. PGI will also hire up to 20 new employees, contin… Read More »
Jeff Willis has formed a new venture called Nonwovens By Design. The new company will specialize in product design for consumer, medical, wipes and hygiene markets as well as provide sales supports for select clients. Willis was previously with Texel… Read More »
With the creation of the first cotton textile mill around 1815 by Michael Schenck in Lincoln County, North Carolina began a long process that would see it become the center of the textile business in the U.S. by the 1920s and remain so throughout the… Read More »
Simpsonville, SC, U.S.
2013 Nonwovens Sales: $697 million
Silverio Baranzano, CEO; Hal Singley, CFO
Gravatai, Brazil; Lima, Peru; San Jose Iterbide, Mexico; Simpsonville, SC, U.S.; Green Bay,… Read More »
2013 Nonwovens Sales: $1.2 billion ($2 billion, pro forma)
J. Joel Hackney, Jr.; president, CEO and director; Dennis E. Norman, executive vice president and CFO; Robert Dale, president, APAC a… Read More »
UK-based Fiberweb says it has received a takeover proposal from U.S. rival Polymer Group Inc. (PGI). PGI has been given until Sept. 17 to formalize a bid or step away. Fiberweb says that if PGI makes an offer at its desired price, its board will reco… Read More »
Fiberweb has acquired control of its existing geosynthetics joint venture in Gujarat, India. Fiberweb now owns 65% of shares in the Terram India plant, up from 26%.
Terram India is based in a coastal industrial park near Mundra and has been fully op… Read More »
Fiberweb has appointed Dr. Carsten Heldmann as a director of the group effective June 6, 2013.
Carsten joined Fiberweb in June 2005 as head of R&D hygiene and in 2009 became chief technology officer. In 2010 he was promoted to president of the c… Read More »
Saudi German Company For Nonwoven Products
P.O. Box 3319
Saudi German Company for Nonwoven Products (SGN) is a joint venture between two Saudi Partners—Al Rajhi Ho… Read More »
David Rousse has been appointed the new president of INDA, the U.S.-based Association of the Nonwoven Fabrics Industry. Effective October 15, Rousse will take over the position currently held by Rory Holmes, who will retire in the middle of next year… Read More »
If 2011 was the year of expansion, 2012 is shaping up to be the year of mergers and acquisitions. While this trend officially began in late 2011 with the sale of Ahlstrom’s wipes business to Suominen in October, in 2012 we have seen the sale of… Read More »
After six years, Brian Taylorson retired from Fiberweb’s board as non-executive director at the end of August. Taylorson’s retirement is part of the board’s plan to refresh the board and to comply with the U.K. Corporate Governance… Read More »
2012 Nonwovens Sales: $460 million
Key Personnel: Daniel Dayan, CEO; Kate Miles, group finance director
Plants: Old Hickory, TN; Aschersleben, Germany; Berlin, Germany; Pontypool, U.K.; Maldon, U.K.; Aberda… Read More »