London-based Fiberweb Plc — a manufacturer of high-performance, specialty nonwovens — is studying
the feasibility of establishing a spunbond nonwovens joint venture (JV) company in China in
partnership with Japan-based Chisso Corp, a manufacturer of chemical products for a wide range of
end-use applications.
The JV would use the latest-generation spunbond and spunmelt manufacturing techniques to
produce hygiene and personal care nonwovens. The study will estimate volumes and technologies that
would be required to support hygiene and personal care products over the next three to five years
in China and other Asian markets.
“This agreement between Chisso and Fiberweb to explore investment opportunities in Asia
jointly marks another exciting step in Fiberweb’s drive to establish a global platform for its
leading spunbond business,” said Daniel Dayan, CEO, Fiberweb. “Both Chisso and Fiberweb bring
important commercial and technical insights to this assessment of the market and we look forward to
a close and fruitful cooperation.”
“I strongly believe that this study allows us to explore the launch of a new joint venture
company to highly satisfy customers by utilizing both parties’ experience and technical expertise,”
said Shunichi Okada, president and COO, Chisso.
February 17, 2010