Fiberweb And Chisso To Establish Nonwovens Joint Venture In China

LONDON — September 24, 2010 — The Consumer Fabrics Division of Fiberweb plc and the Fibers and
Fabrics Division of Chisso Corporation of Japan today announce the successful completion of their
joint feasibility study in respect of a potential investment in a jointly-owned spunbond non-wovens
manufacturing operation in China.


These two leading nonwovens companies first announced the joint feasibility study in December
2009 and extensive market and technical work since then has confirmed the attractiveness of the
market for the cutting-edge products that the latest generation spunbond manufacturing technology
can produce. The venture will focus on serving producers of disposable hygiene and personal care
products and will benefit from the long-standing and close relationships both partners enjoy with
leading customers in this rapidly-developing market.


Both Fiberweb and Chisso Corporation consider the personal hygiene market in China and in
other Asian markets to be of strategic importance in the future development of their non-woven
businesses. The next phase of this exciting project will be to finalise the JV structure and
financing over the coming months.

Posted on October 20, 2010

Source: Fiberweb plc