Avgol Overview
Avgol produces ultra-lightweight non-woven fabrics for manufacturers of baby diapers, adult incontinence products, and feminine hygiene supplies. The company has advanced Reicofil lines for spunbond, composite spunbond, and melt-blown fabrics as well as proprietary AVSPUN and AVSOFT hydro-entangled spunlaid fabrics. Avgol controls the entire production process, including selecting raw materials, maintaining sophisticated production lines monitored by its own quality-assurance processes and standards, and overseeing packaging and delivery. The company has a number of longterm partnerships with customers and continues to develop its expertise in producing very lightweight spunmelt materials. Avgol's production facilities include plants in the United States, Israel, Russia, and China.
Latest News
growth-negative
האם אבגול תימחק מהבורסה? הצעת רכש מלאה הוגשה לרכישת החברה
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.
AcquisitionManagement Changes
growth-positive
Avgol Nonwoven inaugurates new Indian plant
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.
InvestmentExpand
growth-positive
Avgol® Wins Supplier Excellence Award From Procter & Gamble
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.
PartnersCustomers
growth-negative
Avgol shifting production from Israel to India
Avgol Nonwoven Industries Ltd. is closing down its plant in Barkan in the West Bank and shifting production to India. 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.
Expand
growth-positive
Avgol Supports Circular Economy Drive
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
| Sector | Industrial Technologies |
Funding
| Total funding | $138M |
| Last funding | $138M |
| Stage | Public |
| Rounds | 1 |
| Investors | 0 |
Team Members
6
Employees: 201-500
Web & Social Links
| Website | www.avgol.com |
| Careers | Careers page |
Locations
Shimshon St 9, Petah Tikva, Israel
Uzlovaya, Tula Oblast, Russia
178 Avgol Drive, Mocksville, NC, USA
Sector A, Mandideep, Bhopal, Madhya Pradesh 462046, India
Jingmen, Hubei, China
Photos & Videos
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