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TenCate strengthens position in Asian geosynthetics markets

Netherlands headquartered TenCate has entered into an agreement to purchase the geosynthetics activities of Emas Kiara Industries Berhad, a publicly listed company based in Rawang, Malaysia. TenCate says the transaction will provide its TenCate Geosynthetics business with a significantly larger position in the supply of geosynthetics solutions to the Southeast Asian markets.  The purchase is expected to be finalized in early 2011. TenCate Geosynthetics develops and

15th November 2010

Innovation in Textiles
 |  Almelo

Civil Engineering, Agriculture, Construction

image: TenCate GeosyntheticsNetherlands headquartered TenCate has entered into an agreement to purchase the geosynthetics activities of Emas Kiara Industries Berhad, a publicly listed company based in Rawang, Malaysia. TenCate says the transaction will provide its TenCate Geosynthetics business with a significantly larger position in the supply of geosynthetics solutions to the Southeast Asian markets.  The purchase is expected to be finalized in early 2011.

TenCate Geosynthetics develops and produces synthetics fabrics, non-wovens and grids, and designs solutions and systems for infrastructure and civil engineering. The company has plants in Europe, North America and Asia.

 Emas Kiara Industries is an important full-line producer and supplier of a wide range of geosynthetic products and solutions with primary focus on the Asian markets. “The addition of the Emas Kiara production capabilities, employees, and product brands will significantly strengthen the position of TenCate Geosynthetics activities in this rapidly growing region of the world. In combination with the existing production activities of TenCate Geosynthetics in Malaysia and China, and the existing pan-Asian market activities, TenCate will clearly have a leading market position in this region. As a result of this transaction, TenCate doubles the revenue of geosynthetics in this region,” TenCate said in a statement today.

Wally Moore, Global Group Director at TenCate Geosynthetics said: "Emas Kiara Industries has done an excellent job of developing their geosynthetic activities in Asia, and we are pleased to combine our efforts to provide unmatched capabilities and solutions to this important market. This strengthening of our market position is integral part of the Asia strategy of TenCate."

In addition to the continuation of other non-geosynthetic related business, Emas Kiara Industries will maintain their construction and installation activities with exclusive product supply support from TenCate Geosynthetics. Financial details of the deal were not disclosed.

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