Construction in Peru is expected to begin during the first quarter of 2011 and be complete in early 2012. The North American investment is expected to be commercially available in early 2013.
Calling the investments part of the company’s long-term vision of providing superior products and solutions to support our customers in important and fast-growing regions of the America, CEO Silverio Baranzano said “Following the recent completion of the largest and most modern spunmelt line in the U.S. at FitesaFiberweb’s Simpsonville, SC site, these investments build on our current strong performance to further optimize our market-leading asset base and to enable an enhanced logistics and customer-service proposition in the region.
As part of the company’s expansion plans, the two spunmelt lines will employ industry leading technologies in order to deliver superior hygiene and medical spunmelt nonwovens. The lines will add close to 35,000 tons of capacity to bring company’s totalspunmelt output to 140,000 tons per year.
FitesaFiberweb is a joint venture formed in August 2009 by Fiberweb and Petropar combining Fitesa’s Brazilian operations with Fiberweb’s spunmelt plants in the U.S. and Mexico.