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Polyfelt acquires part of Australian company.

A joint venture has been formed between Geofabrics Australasia, a nonwoven geotextile producer in Albury, Australia and roll goods manufacturer Polyfelt GmbH, Linz, Austria.

Effective July 1, Polyfelt has obtained a 50% share in the company. The Australian company had previously been involved in a technology license agreement with French geotextile producer Bidim Geosynthetics, which is also owned by Polyfelt. Polyfelt acquired all of Bidim from Rhone Poulenc earlier this year; it had owned 60% of the company since 1990.

The new Australia facility marks Polyfelt's first manufacturing plant in that area; Geofabrics Australia is involved in the manufacture of geotextiles for Australia and surrounding areas.
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Title Annotation:Polyfelt GmbH has contract with Geofabrics Australasia
Publication:Nonwovens Industry
Article Type:Brief Article
Date:Sep 1, 1992
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