;
Home / Knowledge / News / Textiles / Performance Fibers buys two plants in North America
Performance Fibers buys two plants in North America
11
Mar '08
Performance Fibers announced it has completed its acquisition of INVISTA's North America tire cord and polyester industrial filament businesses including four plants in the U.S. and Mexico that manufacture industrial polyester, Nylon-6 and tire cord fabric. Terms of the purchase were not disclosed.

The purchase includes manufacturing facilities in Salisbury, N.C; Shelby, N.C; and Winnsboro, S.C.; as well as the industrial polyester, industrial Nylon-6, and tire cord fabric-producing assets currently operating inside INVISTA's Querétaro, Mexico site. INVISTA Querétaro's PET Resin business and its manufacturing operations for fine denier staple were not part of the sale.

With the acquisition, the Richmond, VA.-based company increases its global manufacturing to 12 plants located in North America, Asia and Europe; an estimated $1 billion in sales; and approximately 4,000 employees worldwide.

The Company also adds Nylon-6 fibers used to reinforce larger tires to its core polyester offerings, and increases its range of industrial polyester sewing thread fibers and other polyester products.

“This acquisition strengthens Performance Fibers' regional footprint in North America and is a gateway for us to grow in South America,” said Greg Rogowski, president and CEO.

“Combining the assets we have purchased from INVISTA with our current offerings broadens our product portfolio in segments we have identified as growth areas.”

The Company's fibers, fabrics and sewing threads are used in a wide range of industries including energy, environment, architectural design, transportation, lifestyles and leisure, safety and security, and specialty segments for such uses as reinforcement of tires, belting and hoses, geotextiles, technical fabrics and offshore mooring ropes.


Must ReadView All

India should consider 100% FDI in multi-brand retail: CII

Apparel/Garments | On 17th Dec 2018

India should consider 100% FDI in multi-brand retail: CII

The Indian Government should consider permitting 100 per cent foreign ...

Texhong Textile acquires Winnitex for HK$1350 mn

Textiles | On 17th Dec 2018

Texhong Textile acquires Winnitex for HK$1350 mn

Texhong Textile Group, one of world’s largest core spun yarn...

Courtesy: Donear

Textiles | On 17th Dec 2018

Grado to launch cotton fabrics collection next year

Grado by the house of OCM and GBTL-Grasim, owned by Donear Group,...

Interviews View All

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search