(From Asia Pulse)
(Full text of statement. Contact details below.)
COLONIAL HEIGHTS, Va.--(BUSINESS WIRE)--March 7, 2005--Performance Fibers, a leading global supplier of industrial fibers, today announced that it will build a second polyester fiber and fabric plant in Kaiping to meet demand from China's growing automotive market.
The new plant will again double the company's dimensionally stable polyester capacity in China, where it is the industry leader. This is the company's second expansion at the Kaiping facility in two years, having doubled capacity of the original plant with the addition of new production lines in early 2005.