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
3 item(s)
Avgol Business
Business models
B2B2C, B2B
Product stage
Released
Employees
201-500
Sector
Industrial TechnologiesMaterial Innovations & ApplicationsTarget Customer
Healthcare & Life SciencesMedical Devices IndustryMedical ProductsConsumersDemographics & FamilyBabiesWomenIndustrial ManufacturingHybrid IndustriesCore Technology
Materials & SubstancesNonwoven FabricTags (8)
femtechmedical-productstextilehygienemanufacturingmaterialsnonwoven-fabricfabricsGeographic Markets
RussiaUnited StatesChinaAvgol Financials
$138M
Total funding
—
Capital raised
$138M
Last funding
Public
Funding stage
1
Total rounds
0
Investors
Public Offering / Exit
MNAEvent
May 2018
$314M
POEvent
Feb 2007
Undisclosed
Avgol Lifecycle
All Events
MNAEvent
May 2018
$314M
POEvent
Feb 2007
Undisclosed
Avgol News
10 articles
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
growth-positive
Indorama completes acquisition of Avgol
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.
Acquisition
growth-positive
Indorama Ventures to buy majority stake in Israel's Avgol
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.
Acquisition
growth-positive
Indorama buys controlling stake in Israeli co Avgol
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.
Acquisition
growth-positive
Avgol's New Israeli Line Near Completion
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.
CustomersExpand
Israeli fabric maker Avgol is planning a $40M expansion of its Triad plant and 50 new jobs. - Triad Business Journal
Avgol Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 390 |
| Team members | 6 |
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Avgol Internal
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Admin Info
| Confidence | 90/100 |
| Missing | funding rounds, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 510119068 |
| Crunchbase | avgol-nonwovens |
| Phone | +97239061555 |
| Creator | Sharon Blatt |
| Creator email | dodasher1436@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-05-16T00:00:00.000Z |
| Created | 2015-03-02T00:00:00.000Z |
| Status detail | Acquired by Indorama on May, 2018 |