Avgol Industries 1953 Ltd.

Avgol Industries 1953 Ltd. (commonly known as Avgol) is an Israeli-headquartered manufacturer of high-performance spunmelt nonwoven materials. Founded in 1953 and active in nonwoven production since 1988, the company has grown into a global supplier of ultra-lightweight fabrics used primarily in hygiene products such as baby diapers, feminine hygiene items, adult incontinence products, and wipes. Its materials also serve medical, industrial, and functional applications. Avgol operates production facilities in North America, Europe, and Asia, and its shares are quoted on the Tel Aviv Stock Exchange under the ticker AVGL.TA. The company is a majority-owned subsidiary of Indorama Ventures, a global petrochemicals producer. Avgol positions itself as a trusted global hygiene partner, emphasizing innovation through its Forward Innovative Thinking (FIT™) suite of fabric solutions and a commitment to sustainability. Its customer base is concentrated in Europe and North America, with a growing presence in Asia.

Avgol Industries 1953 Ltd. was founded in 1953 in Israel. Since 1988, the company has focused on the production of nonwoven fabrics at its plant in the Barkan Industrial Park. In 2001, it acquired a nonwoven fabric manufacturing plant in North Carolina, USA. In 2004, Avgol established a joint venture in China, and by the second quarter of 2010, its holdings in the venture increased to 80%. In 2006, the company began constructing a production site in Russia, which commenced commercial operations in the second quarter of 2008. Also in 2006, Israel Petrochemical Enterprises acquired 45% of Avgol's shares for approximately $18 million, with an option to increase its stake. In 2007, Avgol published a prospectus for a public offering, and its securities were listed on the Tel Aviv Stock Exchange, making it a public company. In 2012, Israel Petrochemical Enterprises sold its controlling interest in Avgol to British investment fund Ethemba Capital for approximately $106 million, at a company valuation of $237 million. In 2015, Avgol began construction of a new production plant in Dimona, Israel, with an estimated investment of about $60 million. In 2018, Indorama Ventures, a global integrated leader in PET and fibers, acquired a majority ownership of the company. Avgol remains quoted on the Tel Aviv Stock Exchange under the ticker AVGL.TA. The company continues to operate production facilities in North America, Europe, and Asia, serving global hygiene, medical, and functional markets.

• 2018

  Indorama Ventures acquires majority ownership of Avgol.

• 2015

  Begins construction of a new production plant in Dimona, Israel, with estimated investment of about $60 million.

• 2012

  Israel Petrochemical Enterprises sells controlling interest to Ethemba Capital for approximately $106 million.

• 2010

  Holdings in Chinese joint venture increase to 80% in Q2.

• 2008

  Russian production site commences commercial operations in Q2.

• 2007

  Publishes prospectus and becomes a public company listed on the Tel Aviv Stock Exchange.

• 2006

  Israel Petrochemical Enterprises acquires 45% of Avgol for approximately $18 million.

• 2006

  Begins construction of a production site in Russia.

• 2004

  Establishes a joint venture in China.

• 2001

  Acquires a nonwoven fabric manufacturing plant in North Carolina, USA.

• 1988

  Company begins nonwoven fabric production at its Barkan Industrial Park plant.

• 1953

  Avgol Industries 1953 Ltd. founded in Israel.

Global leader in high-quality, high-performance spunmelt nonwoven materials for hygiene, medical and functional markets.

• Spunmelt nonwoven fabrics

  High-performance, ultra-lightweight fabrics for hygiene, medical, and functional applications.

• FIT™ suite of fabric solutions

  Unique Forward Innovative Thinking suite of fabric solutions developed to meet modern commerce demands.

1. 1Home - AVGOLavgol.com
2. 2About us - AVGOLavgol.com
3. 3Notice of convening a special general meeting of the company's shareholders. - AVGOLavgol.com
4. 4Avgol Industries 1953 Ltd. - Wikidatawikidata.org
5. 5אבגול - Wikipedia (Hebrew)he.wikipedia.org
6. 6Notice of convening a special general meeting of the company's shareholders. - AVGOLavgol.com
7. 7Indorama Ventures’ Hygiene Division Achieves ISCC Plus Certification For Two Manufacturing Sitestextileworld.com