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Providencia Volumes Up 7.!%

Brazilian nonwovens producer Companhia Providencia reported 7.1% growth in sales volume to 20,000 tons during the first quarter of 2011.

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By: Karen McIntyre

Editor, Nonwovens Industry

For the first time, the company’s U.S. operation contributed to the results, adding 492,000 tons as it continues to ramp up.

Sales reached R$115.1 million, up 10.2%, thanks to increased sales volumes, particularly within Brazil, while income reached R$7.1 million compared to R$5.3 million the prior year.

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