Czech textile firm Pegas inks deal for new Egypt production line
Czech artificial textile maker Pegas Nonwovens has signed a contract for the delivery of a new production line for its plant in Egypt that is expected to be put into operation in the second quarter of 2017, the company announced in a statement Thursday.
Pegas said the second line would raise production capacity at its Egyptian plant to 45,000 tonnes annually.
“We consider this type of production line, with its lower overall investment costs, lower demands on infrastructure and lower capacity to be an expansion technology platform which is suitable for penetration into new, especially developing markets,” Pegas’s CEO and member of the board Frantisek Rezac said.
Pegas Nonwovens, technology leader in the European nonwovens market, is a holding company based in Luxemburg with operating companies in Czech Republic and the in the 6th of October City, Egypt.
Pegas Nonwovens, publicly traded company on the Prague and Warsaw stock exchanges, is a manufacturer of polypropylene / polyethylene nonwoven textiles for the hygiene, industrial, construction, agricultural, medical, and other specialised sectors.
