Xerium Technologies Breaks Ground for New Paper Machine Clothing Plant in Vietnam
Xerium Technologies, Inc. (NYSE: XRM), a leading global manufacturer of clothing and roll covers used primarily in the paper production process, announced today that the official groundbreaking ceremony for its state-of-the-art paper machine clothing factory had taken place in Ho Chi Minh City, Vietnam.
At the event, which was attended by more than 100 dignitaries from throughout the region, Cheryl Diuguid, President of Xerium Asia, said, “With this new facility, Xerium is building on a long, successful history of conducting business in the Asia region. Our investment in this facility, and specifically in Vietnam, is an important step in our efforts to build on this history and increase our participation in this important and growing paper market. Xerium has been a leading participant and valued paper machine clothing supplier to Asian paper producers for decades. In addition to this Huyck. Wangner facility we are building, we have also expanded our roll covers business to pursue additional growth opportunities in this segment of the Asia market. In November 2007, Xerium acquired a local roll covers business with two manufacturing operations in China, and we expect that the acquired operation will serve as the base for our Stowe Woodward China business.”
Original post by no@spam.com (Maxamillion Blick)