Richmond, Virginia - Performance Fibers is to expand its joint venture operation in South Korea to produce ultra low shrinkage fibers for speciality uses, including rubber reinforcement yarns.
Performance Fibers SYSKO partner Sam Yang Corp. is building an addition to its Jeonju plant and installing new, state of-the-art equipment that will increase capacity by about 20 percent. Construction has begun and is expected to be complete by March 2007.
In a statement, the company said, "These low shrinkage products will be used in broadwoven and coated fabric end uses, including awnings, tarps, tents, roofing, outdoor upholstery, signage and geosynthetics. In addition, the expansion will enable the South Korean operations to increase production of adhesive active yarns for rubber reinforcement applications, such as consumer hoses and belts, and fiber for automotive seat belts.
Performance Fibers SYSKO supplies polyester fibers from three manufacturing plants in Jeonju, Ulsan and Suwon, with headquarters in Seoul. Performance Fibers, an affiliate of Sun Capital Partners, Inc., is the majority owner of the joint venture formed with three South Korean-based companies in 1998.
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Press release from Performance Fibers