RICHMOND, Va. (Nov. 9) — Performance Fibers is planning to expand its joint venture operation in South Korea to produce ultra low shrinkage polyester fibers for specialty 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.
Performance Fibers did not disclose the investment or capacity data.
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."