Fiberweb Expands Airlaid Capacity in China
19 January 2007
Fiberweb announces the construction of a second Airlaid production line at its site at Tianjin, China, adding 10,000 tonne capacity to the 16,000 tonnes already installed. This investment reinforces Fiberweb’s position as the largest supplier of high-quality airlaid products in Asia, primarily to producers of feminine care products. Rapid market growth in both high-end and mid-market segments coupled with Fiberweb’s success in serving customers has created demand for this additional capacity.
The new investment utilizes cost-effective Chinese-sourced technology and is designed to meet the needs of both local customers as well as those of major multinational consumers. The new capacity is scheduled to come on stream in the first quarter of 2008.
Derek Chan, President of Fiberweb Asia commented, "Using efficient design and Fiberweb’s expertise, we will be able to offer innovative and attractively priced products to strengthen and expand our premier position in Asia. The Asian market is expected to grow 10-15% annually in the coming years and Fiberweb is well positioned to support this growth with new investment.”
Daniel Dayan, CEO of Fiberweb plc commented, “This new investment in Tianjin further demonstrates Fiberweb’s commitment to securing its position in attractive, growth markets.”
For more information, please contact:
Daniel Dayan
Chief Executive
Fiberweb plc
+44 208 439 8310
Derek Chan
President
Fiberweb Asia Pacific
+852 2620 5677