AKC Note: PGI became the largest nonwovens company in the world with the acquisition of Fiberweb in 2013, and by purchasing a controlling interest in Providencia it gives PGI an increased South American presence. Additionally, Providencia has a nonwovens facility in Statesville, North Carolina (established in 2009) which will add to PGI’s US activities. PGI also announced a $7.5 million expansion of its Waynesboro, VA plant earlier in January 2014.
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