### **Overview** Fiberweb (India) Ltd., established in 1985, is a pioneer and leading Indian manufacturer in the technical textiles sector. Originally engaged in plastics and carrier bag manufacturing, the company successfully transitioned in the 1990s to become **India’s first producer of spun bond nonwoven fabrics**. Since commissioning its manufacturing plant in Daman in 1996, Fiberweb has operated as a **100% Export Oriented Unit (EOU)**, supplying high-quality nonwoven materials and converted products to international markets including the USA, UK, Europe, Australia, New Zealand, South Africa, and the Gulf region. The company has built a strong reputation as a **quality-conscious, innovation-driven exporter**, certified under **ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), and ISO 45001:2018 (Occupational Health & Safety)**. It is also recognized as a **Star Export House** and one of the largest exporters in the Indian nonwoven textiles segment. --- ### **Business Segments & Product Portfolio** Fiberweb operates in two core nonwoven fabric categories: 1. **Spun Bond Nonwoven Fabrics** - Installed capacity: **5,000 MTPA** - Utilization: Historically around 80–85% - Applications: Hygiene products, agricultural crop covers, medical & industrial clothing, automotive interiors, and construction. 2. **Melt-Blown Nonwoven Fabrics** - Installed capacity: **3,000 MTPA** (expanded from 1,500 MTPA in 2021) - Applications: Filtration (face masks, respirators), absorption (diapers, hygiene pads), composites, and rail track systems. - Key material for N95/N99 masks; expanded significantly during the pandemic to meet global demand. The company also runs an **in-house garment stitching unit**, enabling it to produce value-added made-up items such as: - Medical and industrial gowns - Overalls, aprons, and protective wear - Car covers, crop covers, and custom-designed industrial textiles This vertical integration enhances profitability and differentiates Fiberweb from pure roll-goods suppliers. --- ### **Manufacturing & Infrastructure** - **Location**: Daman, India - **Facility Size**: 85,000 sq. ft. - **Technology & Equipment**: Advanced machinery sourced from **Reifenhauser GmbH (Germany)** - **Plant Modernization**: Ongoing reinvestment in de-bottlenecking, process optimization, and efficiency improvements since 2022. - The facility is known for consistent product quality, adherence to international standards, and operational agility despite raw material and logistics volatility. --- ### **Strategic Initiatives & Growth Projects** #### 1. **Biodegradable Spunlace Project (Eco-Textiles Expansion)** - **Investment**: ₹160 crore (initial phase), with total funding of ₹200 crore via equity, rights, warrants, and debt. - **Objective**: To produce **biodegradable spunlace nonwoven fabrics** using sustainable raw materials. - **Status (Nov 2025)**: - Land acquired and site infrastructure (electric substation, storage) completed. - Machinery procurement underway; 30% advance paid pending bank loan clearance. - Construction expected to begin soon. - **Commercial production anticipated by January 2026**. - **Expected Impact**: - Additional **annual revenue of ~₹250 crore** - High-margin product line aligned with global sustainability trends - Strategic diversification into eco-friendly technical textiles #### 2. **Capacity Expansion (Flatbond Project)** - Planned increase in **spun bond capacity by 8,000 MTPA**, raising total capacity to **13,000 MTPA** - Funded by a **term loan of ₹80 crore and working capital loan of ₹25 crore from Canara Bank** - Originally deferred due to pandemic, but now back on track with production expected to commence in early 2026. #### 3. **Debt-Free & Investment-Grade Position** - The company has maintained a **debt-free balance sheet** over multiple fiscal years (as of Feb 2025). - Received a **BBB-/Stable** long-term credit rating and **A3** short-term rating from **Infomerics**, enhancing future borrowing capacity for expansion. --- ### **Market Position & Competitive Advantages** - **Export Focus**: ~75% of revenue from developed markets, including the USA, UK, Europe, Australia, and the Gulf. - **Global Clientele**: Supplies to **Fortune 500 companies**, reinforcing trust and quality validation. - **Supply Chain Resilience**: - Strong raw material partnerships (e.g., ExxonMobil for polypropylene) - Consistent delivery performance despite global disruptions - **Agility & Innovation**: - Fast response to market demands (e.g., rapid scale-up of melt-blown during pandemic) - Focus on developing high-margin, technically complex converted products - **Premium Pricing Power**: Achieved through consistency, certifications, and reliability. --- ### **Financial & Operational Highlights (as of FY25)** - **Financial Turnaround**: Returned to profitability in **FY25** after incurring losses in FY23. - **Working Capital Management**: - Trade payables reduced significantly — **from ₹8.25 crore to ₹4.28 crore** - Improved cash flow and operational efficiency - **Revenue Diversification**: Income streams spread across hygiene, medical, automotive, construction, and agriculture — reducing sector-specific risks. - **Diversified Export Markets**: Reduces exposure to any single region or regulatory change.