Czech nonwovens producer Pegas has signed a contract with nonwovens technology leader Reicofil, based in Germany, to purchase an additional spundbond/meltblown line. The new equipment is expected to start up in 2007 and will increase Pegas' total annual nonwoven capacity to 70,000 tons. Some 50 additional jobs will be created in the area of Znojmo, Moravia, in the Czech Republic. Pegas focuses on hygiene and medical applications but also serves agricultural and industrial markets, including buildings and infrastructure.
The investment has been estimated at €40 million. Milos Bogdan, managing director of Pegas, commented, “We are looking forward to operating another Reicofil IV line on our site. Our key customers will benefit strongly from our ability to offer more bi-component materials and to meet the growing demand for low-weight and ultra-low-weight nonwovens.”
PEGAS was founded in 1991 and operated under private ownership until December 2005, when it was acquired by the London based private equity firm, Pamplona Capital Management.