A Leading Spunbond Joint Venture in the Americas
Fiberweb has entered into an agreement with Petropar S.A. to establish a 50/50 joint venture intended to create the second largest producer of spunbond nonwoven fabrics in the Americas. The joint venture is focused primarily on the market for hygiene fabrics for use in diapers and feminine care products in the Americas.
The venture comprises Fitesa, the third largest producer of spunbond nonwovens in South America at its site at Gravatai, Brazil and all of Fiberweb's spunbond facilities in North America, specifically at Queretaro, Mexico and Washougal, USA, which together are currently the fourth largest spunbond producer in North America. Fiberweb believes that the joint venture is the second largest producer of spunbond nonwovens in the Americas and is a leading asset and technology base with potential for further development.
The joint venture plans to expand its operations in the US, through investment in new spunbond capacity.
