- The company’s sales in Asia are growing differentially higher than in other parts of the world and 3 rd party market estimates are for these consumption rates to continue for a long time.
- There is strong customer preference for the company’s high-end press felt products in Asia, especially in tissue. Today, the company supplies products to the region from 21 of its global plants.
- Xerium is committed to reducing its overall cost structure by repositioning its manufacturing footprint in low cost countries. Xerium is already expanding its current operations in Mexico, Brazil and China. This investment will be another step forward in that direction and the building plant site is being designed to accommodate future expansions to further lower Xerium’s cost structure materially.
- This new plant enables quick turns for customers with short lead time and emergency coverage requirements.
Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, today announced plans to build a new, high-end press felt plant near Shanghai, China. This greenfield plant will employ the industry’s most advanced press felt manufacturing technology capable of supplying the highest quality products for the most demanding machines in the region. Production at the new plant is expected to begin by Q1 2015. Xerium’s decision to build a new machine clothing plant in China is based upon several important business reasons.