• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Applications
    • Technology
    • Market
    • Other
    • Top 40
    • Buyers Guide
    • Hygiene Directory
    • More
  • Magazine
  • News
  • Exclusives
  • Applications
  • Technology
  • Market
  • Other
  • Top 40
  • Buyers Guide
  • Hygiene Directory
  • Current / Back Issues
    Features
    Editorial
    Columns
    Digital Edition
    Southeast Asia Edition
    eNewsletter Archive
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    Biosphere Corporation: Expands into Baby Diaper Production in Ukraine

    Trends in Diapers: Sustainability, Natural Ingredients or Other Features?

    Baby Diapers: A Changing Market

    Ultrasonics for Nonwovens

    Hygiene Machinery Review
    Company Cameo
    Financial News
    Machinery Equipment
    New Products
    Nonwovens News
    Patent Review
    People in the News
    Supplier News
    Top News
    Live From Shows
    Top News
    American Made Production Equipment for Mask Manufacturers

    Armbrust American Adds Meltblown Manufacturing

    First Quality Launches Incognito by Prevail

    Essity Launches Reusable Underwear Product

    Techtextil, Texprocess Postponed to 2022
    Nonwovens Insights
    Online Exclusives
    Absorbent Core
    Adult Incontinence
    Antimicrobials
    Apparel
    Automotive and Transportation
    Chemicals / Adhesives
    Construction
    Contract Services
    Diaper, Baby
    Electronics
    Feminine Hygiene
    Fibers
    Filtration
    Flame Retardance
    Geotextile / Agrotextile
    Home Products
    Hygiene Film/Components
    Industrial / Institutional
    Inspection / Quality Control
    Machinery and Equipment
    Medical
    Wipes

    American Made Production Equipment for Mask Manufacturers

    Armbrust American Adds Meltblown Manufacturing

    First Quality Launches Incognito by Prevail

    Essity Launches Reusable Underwear Product

    Shemesh Adds U.S. Headquarters
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunlace
    Thermal Bonded
    Wetlaid

    Armbrust American Adds Meltblown Manufacturing

    Radici Adds Meltblown Line

    Biosphere Corporation: Expands into Baby Diaper Production in Ukraine

    Nonwovens Industry’s Top 10 Breaking News Stories of 2020

    Jacob Holm to Expand Spunlace Capacity in Candler
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    Shemesh Adds U.S. Headquarters

    Domtar Sells Personal Care Unit

    Jacob Holm to Expand Spunlace Capacity in Candler

    Nice-Pak to Construct New Facility in Mooresville, IN

    United Sewing Automation Produces U.S.-Sourced and Manufactured PPE Face Masks
    Associations
    Contracts / Awards
    Education
    Facilities / Capacity
    Green / Sustainability
    Legal / Regulatory
    Market Data
    Mergers and Acquisitions
    Product Improvement / Innovation
    R&D/Basic Research
    Shows / Events

    Armbrust American Adds Meltblown Manufacturing

    Techtextil, Texprocess Postponed to 2022

    Shemesh Adds U.S. Headquarters

    Domtar Sells Personal Care Unit

    Record Mask Production from BelEmsa
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    Fagus GreCon, Inc

    Mechanical Specialties, Inc.

    Schott & Meissner Maschinen- und Anlagenbau GmbH

    Omya International AG

    Cellulose Solutions LLC.
    Brands
    Brand Owners
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • Southeast Asia Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • All Companies
      • Categories
      • Company Profiles
      • Add Your Company
    • Applications
      • Absorbent Core
      • Adult Incontinence
      • Antimicrobials
      • Apparel
      • Automotive and Transportation
      • Chemicals / Adhesives
      • Construction
      • Contract Services
      • Diaper, Baby
      • Electronics
      • Feminine Hygiene
      • Fibers
      • Filtration
      • Flame Retardance
      • Geotextile / Agrotextile
      • Home Products
      • Hygiene Film/Components
      • Industrial / Institutional
      • Inspection / Quality Control
      • Machinery and Equipment
      • Medical
      • Wipes
    • Technology
      • Air Through Bonding
      • Airlaid
      • Carded/Carding
      • Chemical Bonded
      • Composite
      • Meltblown
      • Needlepunch
      • Nanotechnology
      • Spunbond
      • Spunlace
      • Thermal Bonded
      • Wetlaid
    • Market
      • China
      • Eastern Europe/Russia
      • India
      • Middle East/North Africa
      • North America
      • Pacific Rim
      • South/Central America
      • Turkey
      • Western Europe
    • Other
      • Associations
      • Contracts / Awards
      • Education
      • Facilities / Capacity
      • Green / Sustainability
      • Legal / Regulatory
      • Market Data
      • Mergers and Acquisitions
      • Product Improvement / Innovation
      • R&D/Basic Research
      • Shows / Events
    • Top 40 Companies
      • Chart
      • Companies
    • Online Exclusives
    • Hygiene Directory
      • Brands
      • Brand Owners
    • Slideshows
    • Experts Opinions
    • Videos
    • Podcasts
    • Infographics
    • Whitepapers
    • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
      • Live From Asian Connections
    • Resources
      • Suppliers Gallery
      • Literature Showcase
      • Web Showcase
      • Home Page Showcase
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Indorama to Acquire Major Stake in Avgol

    Chemical giant to purchase 65% of the nonwovens producer

    Related CONTENT
    • Spunbond Report Predicts Continued Growth
    • 50 Years of Nonwovens
    • Avgol Expands Indian Capacity
    • Wellman Names New CEO
    • Indorama Ventures Posts Record Q1 Results
    05.13.18
    Indorama Ventures Public Company Limited (IVL), a global chemical producer, has entered into a definitive agreement to acquire a 65.72% stake in Avgol Industries, an Israel-based manufacturer of spunmelt nonwovens for $1.62 per share. Avgol has six production sites globally in Israel, the U.S., Russia, China and India, with a combined production capacity of 203,000 tons per year and 900 employees worldwide. Its sales were reported at $339 million in 2016.
     
    The transaction is expected to be completed during the second half of 2018, subject to regulatory approvals.
     
    Avgol is among the largest manufacturer of nonwovens for hygiene applications in the world, and holds a global market share of 10%. Avgol’s high-performance nonwoven fabrics are used by leading manufacturers of baby diapers, feminine hygiene products and adult incontinence products. Avgol also offers advanced solutions leveraging its proprietary technology such as Avspun and Avsoft hydroentangled spun laid fabrics, which address consumer requirements, including that of thinner, more discrete, softness and higher performance products.
     
    This acquisition represents an opportunity for Indorama  to strengthen its leadership position in the high-growth personal hygiene oriented nonwovens market. Avgol offers IVL further diversification of its high value-added (HVA) portfolio. The acquisition will allow both companies to provide customers with a comprehensive range of products. Indorama Ventures will also be well-positioned to generate future growth in adjacent segments through its strong innovation pipeline, enabling the company to continue to provide compelling value and service to its customers worldwide.
     
    “We are excited by the unique opportunity to bring Avgol into the Indorama Ventures family as it is a major step into expanding our HVA portfolio," says group CEO Aloke Lohia. "With this acquisition, we are adding a company that has a distinctive position within a compelling segment and with strong growth prospects. Avgol has already made some significant investments to grow the business by expanding its production capacity and geographical footprint and we hope to capture the benefits and help the company reach further heights. Avgol’s established client base, complementary capabilities and substantial presence in high-growth markets, together with Indorama Ventures’ global presence, will provide a strong opportunity for creating additional value to best serve all our customers.”
         
    Related Searches
    • worldwide
    • technology
    • leadership
    • nonwovens
    Related Knowledge Center
    • Mergers and Acquisitions
    • Middle East/North Africa
    • Spunbond
    Suggested For You
    Spunbond Report Predicts Continued Growth Spunbond Report Predicts Continued Growth
    50 Years of Nonwovens 50 Years of Nonwovens
    Avgol Expands Indian Capacity Avgol Expands Indian Capacity
    Wellman Names New CEO Wellman Names New CEO
    Indorama Ventures Posts Record Q1 Results Indorama Ventures Posts Record Q1 Results
    Avgol Shareholders Reportedly Mulling Sale Avgol Shareholders Reportedly Mulling Sale
    ANEX 2018: Exhibitor Preview ANEX 2018: Exhibitor Preview
    Indorama to Acquire Brazilian PET Business Indorama to Acquire Brazilian PET Business
    The next great frontier The next great frontier
    Spunmelt Still Sells Spunmelt Still Sells
    Indorama, Huvis Announce North American Joint Venture Indorama, Huvis Announce North American Joint Venture
    2017: The Year That Was 2017: The Year That Was

    Related Breaking News

    • Facilities/Capacity | Medical | Meltblown
      Armbrust American Adds Meltblown Manufacturing

      Armbrust American Adds Meltblown Manufacturing

      Manufacturer began producing surgical and N95 masks in 2020
      01.21.21

    • Medical | Middle East/North Africa

      Wemy Donates PPE to Teaching Hospital

      Items to benefit healthcare workers
      01.21.21

    • Mergers and Acquisitions

      TFP Acquires PV3 Technologies

      Purchase expands TFP’s portfolio of products for hydrogen technologies
      01.18.21


    • Education | Meltblown | Spunbond

      The Nonwovens Institute to Host Virtual Spunbond and Meltblown Course

      Course will be held in March
      01.14.21

    • Facilities/Capacity | Spunbond

      Fitesa to Add R5 Line in South Carolina

      Spunbond investment to be complete late next year
      01.12.21

    • Meltblown
      Radici Adds Meltblown Line

      Radici Adds Meltblown Line

      Investment responds to Covid-19 crisis
      01.11.21


    • Adult Incontinence | Diaper, Baby | Feminine Hygiene | Mergers and Acquisitions | North America
      Domtar Sells Personal Care Unit

      Domtar Sells Personal Care Unit

      Private equity firm buys business in $920 million deal
      01.08.21

    • Spunbond

      Spunbond Report Predicts Continued Growth

      Research & Markets Study Reports 5% Growth Until 2025
      01.07.21

    • Airlaid | Mergers and Acquisitions | North America

      Glatfelter to Buy G-P's U.S. Operations

      Deal includes large airlaid line in NC, pilot facility in TN
      01.06.21


    • China | Medical | Middle East/North Africa | Spunbond

      Jofo Finalizes SAAF Acquisition

      Chinese manufacturer buys 70% stake in Saudi nonwovens producer
      12.30.20

    • Feminine Hygiene | Mergers and Acquisitions

      Asaleo Care Buys Tom Organic Fem Hy Business

      Australian-based merger focuses on natural care market
      12.22.20

    • Composite | Medical | Nanotechnology | Spunbond

      Filti Launches NF95 Respirator

      Respirator is made with a spunbond, nonwoven and nanofiber composite media
      12.09.20


    • Machinery and Equipment | Mergers and Acquisitions

      Andritz to Buy Laroche

      Deal enhances scope of supply in spunlace, wetlaid and needlepunch machinery
      12.04.20

    • Facilities/Capacity | North America | Spunbond

      PFNonwovens Adds Second Phase to PA Expansion Plan

      Company scheduled to add lines in 2021 and 2022
      12.04.20

    • Meltblown | Western Europe

      Innovatec Starts Up Second Oerlikon Meltblown Line

      Lines to supply face mask material locally in Germany
      12.03.20

    Trending
    • Essity Launches Reusable Underwear Product
    • American Made Production Equipment For Mask Manufacturers
    • Kimberly-Clark Releases Q4, Full Year Results
    • Domtar Sells Personal Care Unit
    • Armbrust American Adds Meltblown Manufacturing
    Breaking News
    • American Made Production Equipment for Mask Manufacturers
    • Kimberly-Clark Releases Q4, Full Year Results
    • Freudenberg to Establish Apparel Interlining Competence Centers
    • Minet Adds Spunlace Line in Romania
    • Lemu Group Engineers Mask-Making Machine
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Biosphere Corporation: Expands into Baby Diaper Production in Ukraine
    • Trends in Diapers: Sustainability, Natural Ingredients or Other Features?
    • Baby Diapers A Changing Market
    • Ultrasonics for Nonwovens
    • Hygiene Machinery Review
    • The Private Label Market
    • View More >



    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Omega-3s Evidenced to Reduce Low-Grade Inflammation in Elderly Men
    MIND and Mediterranean Diets Linked to Later Onset of Parkinson’s Disease
    Kerry Launches Web-Based Tool for Plant-Based Formulation Challenges
    Coatings World

    Latest Breaking News From Coatings World

    Keyland Polymer UV Powder, LLC Launches UVMax Defender
    Scott McLaughlin to Race in PPG Colors During Rookie INDYCAR Season
    Vink Chemicals Offers parmetol PSG
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Butterfly Network Appoints New Leader
    BD Names Chairman of Board
    Interplex Acquires OCP Group
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Novartis Invests in Credence MedSystems
    Ajinomoto Bio-Pharma, Humanigen Expand Manufacturing Agreement
    Almac Expands Global Biologics Testing Solutions
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Bésame Cosmetics Collaborates with Disney on Mary Poppins Collection
    The Estée Lauder Companies Announces Game-Changing Sustainability Goals for Travel Retail
    Aura Introduces Customizable Hair Care
    Happi

    Latest Breaking News From Happi

    RB Partners with Airbnb
    L'Occitane US Files for Bankruptcy
    Nice-Pak Receives EPA Approval for Disinfectant Wipes
    Ink World

    Latest Breaking News From Ink World

    Epson Partner Creates Label Applicators for Pharmaceutical Products
    Smurfit Kappa Sets New Sustainability Targets with Better Planet 2050
    Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Great Lakes Label debuts new website
    Epson partner creates label applicators for pharmaceutical products
    ACTEGA removes chemicals from laminating adhesives
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    American Made Production Equipment for Mask Manufacturers
    Kimberly-Clark Releases Q4, Full Year Results
    Freudenberg to Establish Apparel Interlining Competence Centers
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    FDA Green Lights Inspired Spine's Trident SI Joint Screw System
    Spinal Elements' Lucent XP-Curved Expandable TLIF Gains FDA Nod
    FDA OKs OrthoSpin's 2nd Gen Robotic, Digital External Fixation System
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    North American Semiconductor Equipment Industry Posts December 2020 Billings
    First Solar Signs Definitive Agreement to Sell US Development Platform to Leeward
    PRINTING United Alliance Announces TAGA Presents Virtual Event

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login