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Providencia Moving Foward With U.S. Investment

November 30, 2009

Spunmelt line will start up in SC in early 2011.

Companhia Providência is moving forward with a planned expansion into the U.S., the Brazilian company has announced this week. The board of directors has approved a plan to resume construction on a new production line, with a capacity of 20,000 tons, in Statesville, NC. The line is expected to begin production in the first half of 2011.

Representing an $80 million investment, the expansion was announced in mid-2008 but was delayed due to concerns over the economy.