“DAK is proud to expand its trade leading fibre offerings for low, mid, and high tenacity fibres engineered for textile and nonwoven applications,” Mark Ruday, vice president, DAK Americas Fibres unit said.
“The Pearl River site provides us with a unique opportunity to grow our fibre capacity at a very competitive investment”, Jorge Young, DAK president and CEO stated.
“Furthermore, the new fibre facility at Pearl River geographically strengthens DAK's ability to supply PSF across the Americas,” Young added.
DAK Americas is comprised of five business units; Polyethylene Terephthalate Resins (PET), Polyesters Staple Fibres (PSF), Monomers/ ingredients (TPA/PTA), Specialty Polymers and Green Polyester.
DAK is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibres in the Americas and has numerous ongoing sustainability initiatives.
Alpek, the owner of DAK Americas is the largest petrochemical company in Mexico and the second largest in Latin America.
The company operates two business segments one of which is; Polyester, which in turn manufactures PTA, PET and polyester fibres.
The second division is Plastics & Chemicals which produces polypropylene, expandable polystyrene, caprolactam, and other specialty and industrial chemicals.
Alpek is a leading producer of PTA and PET worldwide, the largest expandable polystyrene manufacturer in America, and the only producer of caprolactam in Mexico.
Alpek also operates one of the largest polypropylene facilities in North America and in 2014, reported revenues of $6.5 billion and EBITDA of $434 million.
The Company operates 21 plants in the United States, Mexico, Brazil, Argentina and Chile, and employs approximately 5,000 people. (AR)
Fibre2Fashion News Desk – India
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