{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgN6uscgJDA","lastupdate":"2023-05-16T00:00:00.000Z","update_date":"2023-05-16T00:00:00.000Z","lastModified":"Jun 25, 2025","active":1,"confidence_score":90,"confidence_score_reason":"funding rounds, markets, not claimed","urlname":"avgol","minimal_profile":null,"status":"Acquired","fullstatus":"Acquired by Indorama on May, 2018","acquired":1,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$oF9VzHEkO5Xq0e8NuvgYxlopi768QbSAz1aVXi5P6xC9YA2fqkIVrm.jpg","name":"Avgol","oneliner":"Ultra-lightweight Nonwoven Fabrics","registrar":"510119068","website":"https://www.avgol.com","careerspage":"https://www.avgol.com/careers","founded_month":11,"founded_year":1953,"formernames":["Oxidon"],"sociallinks":{"twitter":"https://twitter.com/avgolnonwovens","youtube":"","facebook":"","linkedin":"https://www.linkedin.com/company/2204213","instagram":""},"social":["https://twitter.com/avgolnonwovens","https://www.linkedin.com/company/2204213"],"flattenedsociallinks":"https://twitter.com/avgolnonwovens|https://www.linkedin.com/company/2204213","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":null,"employees":"201-500","employees_exact":390,"patent":1,"raised":138000000,"stage":"Public","public_stage":"Public","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Puanf0LDA","primary_sector":"Industrial Technologies","alternativenames":["Avgol Nonwovens"],"about":"Avgol produces ultra-lightweight non-woven fabrics for manufacturers of baby diapers, adult incontinence products, and feminine hygiene supplies. 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The company has a number of longterm partnerships with customers and continues to develop its expertise in producing very lightweight spunmelt materials. \r\n\r\nAvgol's production facilities include plants in the United States, Israel, Russia, and China.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+97239061555","country":null,"address":{"israeli":[{"id":"89d7022f-7608-4e11-9fcb-9fa0713226f1","city":"Petah Tikva","type":null,"address":"Shimshon St 9, Petah Tikva, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":[{"id":"2411f17d-fdac-413e-aa6a-45bce52990e6","city":"Uzlovaya","address":"Uzlovaya, Tula Oblast, Russia","country":"Russia","placeid":null},{"id":"248934b1-bf0e-4795-816c-1d84d79aa419","city":"Mocksville","address":"178 Avgol Drive, Mocksville, NC, USA","country":"United States","placeid":null},{"id":"822b80ea-fe33-4aa7-bae6-51b5f3ab21e6","city":"Bhopal","address":"Sector A, Mandideep, Bhopal, Madhya Pradesh 462046, India","country":"India","placeid":null},{"id":"f3343344-f71b-4829-bf5b-615fdd09c58a","city":"Jingmen","address":"Jingmen, Hubei, China","country":"China","placeid":null}]},"headquarter_address":null,"district":"Center District","news":[{"id":"d4cioUZ14imw7my0cijzaBBIwH7CAo98Dp2IZpQF2dgYjnVH1O0ZpD","date":"Sep 18, 2023","link":"https://www.bizportal.co.il/capitalmarket/news/article/818598","source":"www.bizportal.co.il","visible":1,"analysis":{"tags":"Acquisition, Management Changes","company":"Avgol","layoffs":"N/A","summary":"Indorama Ventures has made a full acquisition offer for Avgol, an Israeli company that manufactures non-woven fabric. Indorama Ventures is offering to purchase approximately 101,032,108 shares, which constitute 34.03% of Avgols issued and outstanding share capital and voting rights. The acquisition is at a premium of about 10%. Avgols net assets as of the second quarter of 2023 stood at about $197.3 million. The company recently appointed Sivan Yedid-Tzion as CEO, who previously served as CFO since March 2021.","partners":"N/A","customers":"N/A","investors":"Indorama Ventures","confidence":8,"key_topics":["Acquisition","Management Changes","Stock Price","Company Valuation","Investment"],"date_of_event":"September 2023","valuation_amount":"381 million shekels","impact_on_company":"growth-negative","investment_amount":"N/A","structured_issues":["Acquisition","Management Changes"],"acquisition_amount":"N/A","structuredIssuesShow":"#Acquisition  #Management Changes","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"ex8HaSI5D9ylhCMy9j6EcntDx6hcH6eEx2UYwlys4Ly5BtwHSCfRvc","news_summary":"האם אבגול תימחק מהבורסה? הצעת רכש מלאה הוגשה לרכישת החברה","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"zHW9KfTMWVhg3r8YOGRlVEeNdhi07HrZSESVB2jEQj9ZD7Maj0oslW","date":"May 16, 2023","link":"https://www.indiantextilemagazine.in/avgol-nonwoven-inaugurates-new-indian-plant/","source":"www.indiantextilemagazine.in","visible":1,"analysis":{"tags":"Textiles, Manufacturing, PLI Scheme, PM Mitra Parks, Global Market","company":"Avgol Nonwoven","layoffs":null,"summary":"Avgol Nonwovens new manufacturing facility in Halol, Gujarat has been virtually inaugurated by Smt. Darshana Jardosh, Union Minister of State for Textiles and Railways. The governments focus is on the Five Fs - Fibre to Farm to Fabric to Fashion to Foreign. The Production Linked Incentive (PLI) scheme and PM Mitra Parks will support Indias contribution to the global market of man-made fibre. Indorama has invested in the plant under 100% FDI. The PMs vision for PLI Scheme and PM Mitra Parks will help develop an ecosystem for Ease of Doing Business. The PMs GatiShakti-National Master Plan for Multi-modal connectivity will bring ministries together for infrastructure connectivity projects. The PM Mitra Park scheme aims to build an Aatmanirbhar Bharat and boost the textile sector. India will also host the G20 Summit for the first time. The new manufacturing facility has a capacity of 10,000 MT specialty nonwoven fabrics.","partners":null,"customers":null,"investors":"Indorama","confidence":8,"key_topics":["Production Linked Incentive","PM Mitra Parks","GatiShakti-National Master Plan","Vocal for Local","G20 Summit"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ywGTyRT8P28NdmCRsYzOALgqVVezaJnWn0ggea3H9aUv9JKPbpBRLz","news_summary":"Avgol Nonwoven inaugurates new Indian plant","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"iR6bjDr46zu8VXFt3SnUYa3gvfiTyCOE2ElTCebrRqnL2z48IXQVHi","date":"Dec 13, 2022","link":"https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2022/12/avgol-wins-supplier-excellence-award-from-procter-gamble/","source":"www.textileworld.com","visible":1,"analysis":{"tags":"Supplier Excellence Award","company":"Avgol","layoffs":null,"summary":"Avgol, a company owned by Indorama Ventures Limited, has received the Supplier Excellence Award from Procter & Gamble. The award recognizes Avgols outstanding contributions as a supplier to P&Gs Baby Care Business Unit. Avgols collaboration with P&G and its continuous improvement efforts were highlighted as key factors in receiving the award. P&G also acknowledged that Avgols efforts have significantly contributed to their own commercial growth in a challenging period for the Hygiene market. Indorama Ventures Ltd. acquired majority ownership of Avgol in 2018, leading to accelerated growth for Avgol Nonwovens. The award reflects the dedication and hard work of the entire Avgol team.","partners":null,"customers":"Procter & Gamble","investors":"Indorama Ventures Ltd. 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The company plans to invest $17 million in moving the production line to India and expects the new Indian plant to be operational by the first quarter of 2022. Avgol will concentrate all its remaining operations in Israel in its Dimona plant in the Negev. The decision to close the Barkan plant is due to old production lines, a fall in demand, and lack of profitability on the products manufactured. This move follows the footsteps of other Israeli companies that have closed down factories over the green line in the West Bank.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["production shift","investment","closing down factories","fall in demand","profitability"],"date_of_event":"October 20, 2020","valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"mBLd8Ea8pimIuTN1fJ8x2KApETh5HVQ5iTrRaIMFopDpijiSggLlTP","news_summary":"Avgol shifting production from Israel to India","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"a5fa95ab-ad1a-4e20-94b4-423a887e9216","date":"Apr 14, 2020","link":"https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2020/04/avgol-supports-circular-economy-drive/","source":"www.textileworld.com","visible":1,"analysis":{"tags":"sustainability, circular economy","company":"Avgol","layoffs":null,"summary":"Avgol, a global manufacturer of nonwoven fabric solutions, has joined an initiative led by the Ellen MacArthur Foundation to promote circular economy principles. The company, along with its parent company Indorama Ventures Ltd., aims to support eco-friendly practices and reduce the use of plastics, resins, and polymers in the hygiene supply chain. Avgols natureFIT technology replaces synthetic components with naturally derived alternatives, reducing the environmental impact without compromising product performance. By participating in the initiative, Avgol expects to contribute to the long-term growth of the hygiene industry and protect the environment. The article was posted on April 14, 2020.","partners":"Ellen MacArthur Foundation, World Economic Forum","customers":null,"investors":null,"confidence":9,"key_topics":["Circular economy","Sustainable manufacturing","Plastic reduction","Nonwoven fabric","Supply chain"],"date_of_event":"April 14, 2020","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"Hvs7nsMEyRht17OsmWsOQObOsx1P45c9oabGFAz1kvHKUKdFuuz1nz","news_summary":"Avgol Supports Circular Economy Drive","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"c1537f8d-5000-454a-b261-92c703caba63","date":"Jul 26, 2018","link":"http://en.globes.co.il/en/article-indorama-completes-acquisition-of-avgol-1001247703","source":"en.globes.co.il","visible":1,"analysis":{"tags":"acquisition","company":"Indorama Ventures Public Company Limited (IVL)","layoffs":null,"summary":"Indorama Ventures has completed the acquisition of Avgol Nonwoven Industries, a leading manufacturer of nonwoven hygiene fabrics. Indorama purchased a controlling 66% stake in Avgol for NIS 1.7 billion. The acquisition aligns with Indoramas strategy of pursuing growth opportunities in the high value-added hygiene segment. Avgol offers a range of nonwoven fabrics for hygiene applications and has production sites in Israel, the US, Russia, China, and India. The acquisition provides extensive value creation and synergy for Indorama Ventures, reinforcing its leading position in the segment.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["Indorama Ventures","Avgol Nonwoven Industries","acquisition","nonwoven hygiene fabrics","company valuation"],"date_of_event":"July 26, 2018","valuation_amount":"NIS 1.7 billion","impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Acquisition"],"acquisition_amount":null,"structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"GSzrcpJGkraR6ohQYzMVgRz1RANl9pVJwrda40wzr66tH1oBlP23yC","news_summary":"Indorama completes acquisition of Avgol","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"2cd45aef-8b21-48a5-8897-40a06b19d791","date":"May 13, 2018","link":"https://www.reuters.com/article/avgol-industries-ma-indorama-venture/indorama-ventures-to-buy-majority-stake-in-israels-avgol-idUSL5N1SK07D","source":"www.reuters.com","visible":1,"analysis":{"tags":"acquisition","company":"Indorama Ventures","layoffs":null,"summary":"Indorama Ventures has agreed to buy a 65.72 percent stake in Avgol Industries for $314 million. Avgol is a manufacturer of nonwovens for hygiene applications and holds a global market share of 10 percent. The acquisition is expected to be completed during the second half of 2018.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["Indorama Ventures","Avgol Industries","acquisition","nonwovens","hygiene applications"],"date_of_event":"May 13, 2018","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Acquisition"],"acquisition_amount":"$314 million","structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"yjG8YVq0rFCxe4Nt9srnOFmfBEpw7yIO2aZkABWbkzampo593qEwYf","news_summary":"Indorama Ventures to buy majority stake in Israel's Avgol","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"62524018-d90f-4561-8473-1507a616a6cd","date":"May 13, 2018","link":"http://www.globes.co.il/en/article-indorama-buys-controlling-stake-in-israel-co-avgol-1001235741","source":"www.globes.co.il","visible":1,"analysis":{"tags":"Acquisition, Expansion","company":"Indorama Ventures Public Company Ltd.","layoffs":"N/A","summary":"Thai-based chemicals producer Indorama Ventures Public Company Ltd. is acquiring a 65.72% stake in Israeli company Avgol Nonwoven Industries Ltd., the worlds third largest manufacturer of nonwovens for hygiene applications. The acquisition is valued at NIS 1.7 billion. Avgol has 900 employees in six production sites worldwide in Israel, the US, Russia, China and India. Indorama will buy the stake from Avgols two main shareholders, UK-based private equity firm Ethemba Capital and Leumi Partners. The acquisition will allow both companies to provide customers with a comprehensive range of products.","partners":"Ethemba Capital, Leumi Partners","customers":"N/A","investors":"Ethemba Capital, Leumi Partners","confidence":"10","key_topics":["Acquisition","Nonwovens","Hygiene Applications","Market Expansion","Investment"],"date_of_event":"May 13, 2018","valuation_amount":"NIS 1.7 billion","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Acquisition"],"acquisition_amount":"NIS 1.7 billion","structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"EQXfwSX2FymGaz39LxqVmEzIyXXz6BjzRwqJT2e0ASdDz0IQLe2d1o","news_summary":"Indorama buys controlling stake in Israeli co Avgol","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"b5c5edb4-294c-40da-a0b6-8828e07fd230","date":"Sep 3, 2017","link":"https://www.nonwovens-industry.com/contents/view_breaking-news/2017-03-09/avgols-new-israeli-line-near-completion/","source":"www.nonwovens-industry.com","visible":1,"analysis":{"tags":"manufacturing, customer base growth","company":"Avgol","layoffs":null,"summary":"Avgol is set to open a new $60m manufacturing site in Dimona, Israel, as part of its ambition to grow its customer base in Europe, the Middle East, Africa, and South America. The site will offer advanced innovations in baby diapers, adult incontinence products, and feminine hygiene items. The new line will allow Avgol to offer a wider choice of materials and solutions, demonstrating their expertise and responding to changing consumer and brand requirements. The opening of the new Israeli site is part of a multi-million dollar investment and expansion program by Avgol.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["manufacturing","customer base growth","innovation","softness","expansion"],"date_of_event":"2017-03-09","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"mOjjkHGoQYmhTQLiQNFyIosM8BG5bY5ZWMoLIgof5AjcDN7Vx0gYac","news_summary":"Avgol's New Israeli Line Near Completion","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"14d99038-c289-4449-97a8-220c1783c79b","date":"May 26, 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