USA: Performance Fibers to expand its PET capacity

Performance Fibers announced it will expand its polyester fiber and fabric capacity in Kaiping, China, to meet continued strong demand from China and the rest of the world. The increased capacity will double the company's polyester production and expand its geographic reach over the next 12 to 18 months. 

The new capacity will produce and convert the latest generations of polyester fibers for tire reinforcement and other industrial uses. "This latest expansion supports our strategic commitment to supply polyester fiber and fabric to our customers worldwide," said Richard C. Brown, chief executive officer. "Our global footprint, combined with our leading technology and innovative products, has positioned us to meet the needs of our customers and their markets wherever they are located around the world. We continue to see significant growth potential in the marketplace and Performance Fibers is moving aggressively to meet that demand." 

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Added: September 14, 2010 Source: ynfx
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