"Our business continues to expand in North America,” Mr. Holt said. “Growth is higher in China. It's growing in North Carolina. We've been cautiously investing how we grow in North America without flooding the market with too much capacity too soon. We have pent-up demand in North America and we are now able to react to this with this new capacity. We're continuing to grow our supply of very lightweight materials to hygiene customers so they are cost effective and of higher performance, especially in these days of higher resin costs.”
Avgol announced earlier this year it would add two news lines, one in North America and another at an undisclosed location but industry observers speculated that China would be chosen because of the country’s high growth prospects.