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INVISTA Fibers (Foshan) Co to expand spandex capacity

19 Nov '07

3 min read

INVISTA, the recognized leader in spandex production as well as a wide range of other apparel fibers, fabric treatments and fabric technologies announced that its INVISTA Fibers (Foshan) Co Ltd joint venture plans to make an additional total investment of US$99.6 million in China in connection with a planned new production plant at its Foshan site, in anticipation of the growing demand in high-quality spandex fibers.

The joint venture spandex production plant at Xinan Foshan Plastics Group (FSPG) Industrial Park in Sanshui District of Foshan opened in November 2006. The plant is the largest foreign investment ever made in Guangdong's fiber industry.

The joint venture plans to use its additional total investment to build a new 12.5-kiloton spandex plant next to the existing joint venture site in Foshan.

"With these expansions and other additions in all four of our global regions, INVISTA is well on track to exceed our previously announced global efforts to add approximately 50 kilotons of spandex fiber production in the next three years," said David Duncan, executive vice president of INVISTA.

INVISTA has announced or entered into agreements to add more spandex/elastane production in more geographic regions than that announced by any other producer. Since 2006, the company has added, announced or entered into agreements to add more than 45 kilotons of additional spandex capacity.

"We are now looking at another new spandex production site in Asia," added Duncan.

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