News Update
January 28, 2014
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PGI Group of Charlotte announce they have reached an agreement to buy a controlling interest in the Brazilian nonwovens company Providencia: 


Read article here...  



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.




Alasdair Carmichael 

Carmichael International

PO Box 3444

Spartanburg, SC 29304

T: 864 583 6868

C: 864 542 4481


News Update is a service of Carmichael International designed to provide relevant up to date information on the textile markets. We aim to provide links to information and some commentary which is provided in good faith as to its accuracy. Carmichael International however disclaims any and all liability and responsibility for information supplied and any decisions that may be made on the information. 

Synthetic Yarn and Fiber Association

To promote the production, improvement and use
of synthetic yarns and fibers

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