Breaking News

Fitesa to add 50,000 tons of capacity

February 27, 2014

Brazilian holding company Évora, owner of Fitesa, is investing in a $300 million capacity expansion involving its assets in nonwovens, aluminum cans and plastic closures, according to Valor Econômico. The investment will include upping Fitesa's capacity from 242,000 tons to 292,000 tons at the spunmelt producer's plants in the U.S., Sweden and China. The expansion will be implemented in 2015, according to Évora chief executive Geraldo Enck.