Argentina-based Tel Rad Cuyo S.A (TRC) and Freudenberg Telas Sin Tejer SA, a subsidiary of Germany-based Freudenberg Nonwovens, have announced the launch of a new joint venture company called Bicomfiber S.A. The new company will produce different types of bi-component fibres for multiple purposes and applications.

TRC, the main shareholder of the new company, is said to be one of the most important producers of polypropylene fibre in Latin America, whilst Freudenberg Nonwovens Latin America is one of the leading nonwovens producers in the region.

Commenting on the new venture, Juan Carlos Borchardt, president of Freudenberg Nonwovens Latin America, said, "We will continue to deliver different types of added-value products to our customer. The raw material sourcing is a key part of our growth strategy. With this new joint-venture we will be able to offer a complete package of different materials for the markets where we are presently active, being better prepared for the new challenges to come."

Bicomfiber will be headquartered near Buenos Aires and will have an annual capacity in excess of 10,000 tons.