Porcher Industries

Porcher Industries, a France-based producer of technical textiles and thermoplastic composites, has announced plans to expand in the US automotive market, having completed its acquisition.

Porcher Industries has completed the acquisition of Interglas Technologies GmbH, a German producer of technical fabrics for aeronautic, industrial, electrical and building applications, from the Preiss Daimler Group.

Porcher Industries, through its US subsidiary BGF Industries, acquired a plant in Altavista, Virginia, to meet growing demand from automotive OEMs for glass fibre insulation and exhaust components. The plant is expected to be fully operational by Q1 2018, creating over 40 new jobs.

Porcher Industries, a manufacturer of technical textiles and composites, has signed a contract worth approximately €150 million in China.

Porcher Industries announced a multi-million euro growth and restructuring phase for 2017, with over €50 million in new investments to add weaving capacity and develop quality control technology at sites in the US, Europe and China.

Porcher Industries, a French technical textile and composites manufacturer, acquired Cordtech International, a specialist in processing and treatment of industrial fibers for the automotive industry.

Porcher Industries acquired 100% of Cordtech International, a specialist in technical threads for the automotive industry. The deal includes all 72 employees and €16.5 million in revenue.