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Stakeholders of Xerium Technologies approved the merger agreement with Andritz AG, under which Xerium will be acquired by Andritz. The transaction is expected to close in Q4 2018, pending remaining regulatory approvals.
Xerium Technologies has shipped its first forming fabric from its new machine clothing plant in Kunshan, China, marking the start of local production for the Asia-Pacific market.
Xerium Technologies was awarded orders for machine clothing and rolls technology for Fibria's new pulp machine at the Tres Lagoas mill in Brazil, scheduled to go online in Q3 2017, adding 1.95 million tons of market pulp annually.