“This investment underscores Companhia Providência’s commitment to expand its operation in Brazil. The new plant will also allow the growing domestic market demand for nonwovens to be satisfied,” said Hermínio de Freitas, CEO of Companhia Providência. “We have chosen Pouso Alegre due to its advantageous location for taking delivery of raw materials and to rapidly service our customers. In addition to the experience already gained in operating in the region, we can also count on the benefit of quality local labor.”
The new plant will be responsible for creating a further 92 jobs in the area.