Pegas Nonwovens

Czech investment firm R2G, majority owner of Pegas Nonwovens, is buying First Quality Enterprises' nonwovens operations in the US and China. The price is estimated at up to $500 million.

R2G, the Czech private equity firm that had acquired Pegas Nonwovens, purchased First Quality Nonwovens in May 2018, merging the two to form PFNonwovens, one of the largest spunmelt nonwovens producers globally.

The Ministry of Industry and Trade has issued Pegas Nonwovens investment incentives in the form of tax relief and financial support for a new Reicofil 5 bicomponent spunmelt production line in Znojmo, Czech Republic. The line has an estimated annual capacity of 8,000 to 15,000 tons and will be put into commercial operation in 2019.

Pegas Nonwovens has concluded a contract with Reifenhäuser Reicofil for a new semi-commercial nonwoven production line at its Znojmo plant, with annual capacity of 8-15 thousand tonnes, expected to start commercial operation in Q4 2019.

Pegas Nonwovens has concluded a contract with Reifenhäuser Reicofil for the delivery of a new semi-commercial production line at its Znojmo plant in the Czech Republic. The line has an annual capacity of 8-15 thousand tons and is expected to begin commercial operation in Q4 2019.

Czech nonwoven textiles manufacturer Pegas Nonwovens signed a memorandum of understanding to acquire a new production line for its Znojmo plant based on Reicofil 5 technology. The line will have an annual capacity of 8,000-15,000 tonnes and is expected to begin commercial operation in Q3 2019.

Pegas Nonwovens has signed a memorandum of understanding with Reifenhauser Reicofil for a semi-commercial Reicofil 5 Bico production line at its plant in Znojmo, Czech Republic. The line will be part of a new global innovation center and is expected to begin operation in Q3 2019.

Investment firm R2G Rohan Czech is proceeding with its takeover bid for Pegas Nonwovens at 1,010 crowns per share, valuing the company at 8.9 billion crowns, after Wood Textiles Holding decided not to block the deal.

Wood Textiles Holding has decided to sell its approximately 30% stake in Pegas Nonwovens to Czech investment firm R2G Rohan, accepting a takeover offer valuing the company at 8.9 billion CZK.

Pegas Nonwovens has finalized a contract with Reicofil for a production line for its new South Africa plant. The line will have an annual capacity of 10,000 tons and is expected to begin commercial operation in early 2019.

Pegas Nonwovens signed a contract to purchase the first production line for a planned plant in South Africa. Commercial production is expected to start in early 2019 with an annual capacity of 10,000 tonnes. The investment exceeds €30 million.

Czech investment group R2G announced a tender offer to all shareholders of Pegas Nonwovens at CZK 1,010 per share, an 8% premium. However, primary shareholder Wood Textiles Holding stated it is not considering a sale.

R2G Rohan Czech, owned by Oldřich Šlemr's family foundation and entrepreneurs Eduard Kučera and Pavel Baudiš, announced its intention to acquire all shares of Pegas Nonwovens, a major nonwoven textiles producer, at CZK 1,010 per share.

Pegas Nonwovens signed a contract to purchase a production line for a planned plant in South Africa. Commercial production is expected to start in early 2019 with an annual capacity of 10,000 tonnes. The investment exceeds €30 million.

PEGAS NONWOVENS signed a Memorandum of Understanding with Reifenhäuser Reicofil to order a new Reicofil production line for its future production plant in South Africa. The final contract is expected in July 2017.

Pegas Nonwovens has signed a Memorandum of Understanding with Reifenhäuser Reicofil to order a new production line for its future plant in South Africa. The final contract is expected in July 2017.

Pegas Nonwovens will build a new manufacturing facility in Atlantis, Western Cape, South Africa, with a first-phase capital investment of around R80 million. The facility is expected to employ at least 200 people within six years and start operations as soon as 2018.

Czech nonwovens manufacturer Pegas Nonwovens plans to build a new textile plant near Cape Town, South Africa, with an initial investment of €30-35 million. The facility will have an annual production capacity of 10,000 tonnes of nonwoven textiles and is expected to be operational by the end of 2018.

Pegas Nonwovens confirmed its intention to invest €30-35 million in a new production plant in the Republic of South Africa, with a production line capacity of 10,000 tons per year, expected to be operational by end of 2018.

Pegas Nonwovens signed a three-year contract to supply over 100,000 tons of nonwovens, valued at over €200 million. The contract coincides with the startup of a new production line at its Znojmo plant in the Czech Republic.

Pegas Nonwovens will build a new nonwovens plant near Cape Town, South Africa, investing ZAR 1 billion (approx. CZK 2 billion) and creating several hundred jobs.