Avgol’s Dimona machine starts up; new site in India should come online in current quarter
CLOVERDALE, CA, January 11, 2018-
Commercial operations began on Avgol Nonwovens’ new spunmelt machine in Israel in September 2017 and the company expects to begin shipping product from the company’s new Indian plant in the first quarter of this year. As the ramp-up of these two machines wraps up, Avgol will begin paying down debt, with no major new capital expenditures currently planned.
CEO David Meldram told the third quarter 2017 conference call in mid-November that the company expected to see “some” price reductions “starting from January 2018, mainly in North America, where there has been increasing competitive pressure.”
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