Breaking News

Andritz mulling NSC Nonwovens purchase

August 8, 2011

Negotiations will take place in the coming weeks.

Andritz AG stock rose the most it has in more than two weeks after NSC Group said it was in exclusive talks to sell its NSC Nonwovens business to the Austrian maker of machines used in the paper and metals industries.

Andritz climbed 1.5 percent to 58.77 euros, its biggest increase since July 19, after earlier advances of as much as 5.7 percent.

The unit consists of the companies Asselin-Thibeau, based in Elbeuf, France, and Wuxi NSC, based in China, and makes equipment used in the production of nonwoven fabrics, NSC said in a statement on the Les Echos website. Negotiations will take place in the coming weeks, NSC added.

In 2010 NSC Nonwovens was responsible for 41 percent of its parent’s 78.8 million-euro ($112 million) turnover, according to NSC’s website.

Related Application:

Related Technology:

  • Focus on Geotextiles

    Focus on Geotextiles

    Tara Olivo, associate editor||March 17, 2016
    Producers of nonwoven geotextiles across the globe continue to invest in their technologies.

  • Needlepunch Market Update

    Needlepunch Market Update

    Tara Olivo, associate editor||February 3, 2016
    Strength in core markets has led to global investments.

  • A Conversation with Teknoweb Converting

    A Conversation with Teknoweb Converting

    Tara Olivo, associate editor||September 14, 2015
    Teknoweb’s Piero Mandotti and Guido Conio discuss the latest in wipes converting and the company’s new deal with IMA Group.