Breaking News

Fiberweb acquires control of Terram India

July 11, 2013

Fiberweb has acquired control of its existing geosynthetics joint venture in Gujarat, India. Fiberweb now owns 65% of shares in the Terram India plant, up from 26%.

Terram India is based in a coastal industrial park near Mundra and has been fully operational since 2012. The company says this additional investment of £2 million will enable it to provide a wider range of Terram products from the plant, which is strategically placed to serve existing and new customers in the Middle East, South America, Africa, Asia and Australasia as well as in the growing Indian market.

The line will continue to provide support to operations in Maldon, and a separate sales office, also based in Gujarat, will be expanded. Further investment in technology and to integrate its accounting and stock management systems will take place over the coming months.

This acquisition is another step forward for Fiberweb and will further enhances its reputation as a global geosynthetics solution provider.

Related Market: