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Petropar nonwovens facility.

An investment of $11.5 million in a new nonwoven facility has been announced by Fitesa Nao-Tecidos S.A., Gravatai, Brazil, which is part of spunbonded polypropylene producer Petropar Group. The project, scheduled for start-up this August, will begin with 8000 tons a year.

The first unit of Fitesa, Novotex S.A., was started in May, 1990, with an investment of about $20 million. With production capacity at 5200 tons a year, Fitesa forecasts sales for 1991 to be $8 million. The company estimates that with the new unit, combined sales should reach $40 million by 1993. Fitesa would ideally like to export about 30% of sales; principal markets are the U.S., Canada, Argentina and Uruguay.
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Title Annotation:International News
Publication:Nonwovens Industry
Article Type:Brief Article
Date:Mar 1, 1992
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