Polymer Group, Inc. Announces Planned Capacity Expansion in North America
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New State-of-the-Art Spunbond Line Targeted To Serve Hygiene Market in U.S. and Mexico
CHARLOTTE, N.C., Aug. 13 / -- Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) today announced plans to install a state- of-the-art spunbond line in North America to serve hygiene and other customers in the U.S. and Mexico.
The new line will increase capacity by approximately 15,000 metric tons for this segment to meet ongoing strong demand for the company's nonwoven materials used in diapers and other personal hygiene products. The company expects that commercial production will begin in late 2008.
The line will feature the latest technology and produce high-quality, lightweight, strong fabrics that are used in fine denier top sheet and other materials in diapers.
"This planned expansion in North America, along with our expansion underway in South America, shows our commitment to expanding our production capabilities in our core growth market segments. As demand for our products increases in each of our markets, PGI is expanding to serve our customers' needs," said Polymer Group's chief executive officer, Veronica (Ronee) M. Hagen.
Polymer Group also is currently installing a new spunbond line near Buenos Aires, Argentina, that will more than double the capacity of its joint venture facility to meet growing demand for its products in the Mercosur trading region. This line is on schedule to be fully installed by year-end.
Polymer Group, Inc., one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 19 manufacturing facilities in 9 countries throughout the world.
For further information, please contact:
Dennis Norman
Vice President - Strategic Planning & Communication
(704) 697-5186
normand@pginw.com
Source: Polymer Group, Inc.
Web site: http://www.polymergroupinc.com/
